What was the comparative advantage theory of David Ricacrdo?
When a country can produce a good or service at a lower opportunity cost than another country. Pursuit of self-interest, division of labor, and freedom of trade. A theory of free-market capitalism directly opposed to government intervention. A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
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Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
Who proposed the steady-state theory?
Hermann Bondi Thomas Gold Sir James Jeans Fred Hoyle
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The steady-state theory was first proposed by Sir James Jeans in the 1920s, but it was reformulated by Fred Hoyle, Thomas Gold, and Hermann Bondi in 1948.
_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
Macroeconomics Neo-classical economics Microeconomics Monetarist economics
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Microeconomics is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
How many articles, parts, and schedules are in the Indian constitution?
395 Articles, 22 Parts, and 8 Schedules 395 Articles, 22 Parts, and 12 Schedules 385 Articles, 22 Parts, and 8 Schedules 385 Articles, 22 Parts, and 12 Schedules
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At its enactment, it had 395 articles in 22 parts and 8 schedules. At about 145,000 words, it is the second-longest active constitution—after the Constitution of Alabama—in the world.
Who was the first temporary chairman of the Constituent Assembly?
BN Rau Harendra Coomar Mookerjee Dr. Sachchidananda Sinha Dr. Rajendra Prasad
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Dr. Sachchidananda Sinha was appointed as the interim(temporary) chairman of the Constituent Assembly.
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