Who is considered as the father of economics?
- Alfred Marshall
- Adam Smith
- David Ricardo
- Esther Duflo
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Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
__________ is the migration of health personnel in search of a better standard of living and quality of life, higher salaries, access to advanced technology, and more stable political conditions in different places worldwide.
- Immigration
- Emigration
- Brain Drain
- Mass Exodus
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“Brain drain” is a term used to describe the large-scale migration of skilled human capital that causes a country to lose its innovative capabilities and limits its economic growth.
Which article if the Indian Constitution abolishes untouchability?
- Article 30
- Article 17
- Article 19
- Article 21
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Abolition of Untouchability. To make an untouchability law further strong, parliament passed an Untouchability Offenses Act in 1955. However, this act was further amended and also renamed in the year of 1976 as Protection of the Civil Rights Act, 1955.
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.
What Are Constellations?
- A group of stars that appears to form a pattern or picture
- Small chunks of ice and rock come from the outer edge of the solar system
- Collection of billions of stars
- Small irregularly shaped rocks made up of metal or minerals
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A constellation is an area on the celestial sphere in which a group of visible stars forms a perceived pattern or outline.
