_______ 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.
Who is called the father of macroeconomics?
Alfred Marshall John Maynard Keynes Adam Smith Leon Walras
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Macroeconomics as a modern discipline began with the publication of John Maynard Keynes's General Theory of Employment, Interest, and Money where he offered a new theory of economics that evolved into Keynesian economics.
Which of the following activities is also referred to as the 'Gold Collar' profession?
Primary Secondary Quinary Quaternary
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Quinary activities are services that focus on the creation, re-arrangement, and interpretation of new and existing ideas; data interpretation, and the use and evaluation of new technologies. Gold Collar Worker: Refers to highly-skilled knowledgeable people such as doctors, lawyers, scientists, and also young, low-wage workers who also get parental support.
Name the economist who gave the theory of “Comparative Advantage.”
Adam Smith David Ricardo Thomas Robert Malthus Amartya Sen
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David Ricardo was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents.
Is the Constitution of India flexible or rigid?
Rigid Flexible Both (a) and (b) None
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Indian Constitution is both a flexible and rigid form of constitution because in some cases it requires a simple majority of people for passing an amendment and in some cases, it requires the majority of people to pass the amendment.
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