AIEEE Questions

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The Bill of Rights established the rights of citizens. It is also called as Declaration of rights or Charter of rights. It is a list of most important rights to the citizens of a country.

The preamble to the constitution does not specify providing for economic equity.

If a micrograph is false-colored, it means that the computer has created the colour for the object since we know that the electron microscopes sees only black and white colours.

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

Other things the same, when the interest rate rises people would want to lend more, making the quantity of loanable funds supplied increase.

Most producers use sun light for making their energy in the process of photosynthesis. The energy they prepared is sugar and glucose. 

In 1952, Waksman was awarded the Nobel Prize in Physiology or Medicine in recognition "for his discovery of streptomycin," the first antibiotic active against tuberculosis.

Production costs to an economist reflect opportunity costs.