General Knowledge Questions

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.

Warm-blooded creatures, like mammals and birds, try to keep the inside of their bodies at a constant temperature. They do this by generating their own heat when they are in a cooler environment, and by cooling themselves when they are in a hotter environment. To generate heat, warm-blooded animals convert the food that they eat into energy. Peacock and camel are warm blooded animals.

Colloids include gels, sols, and emulsions; the particles do not settle, and cannot be separated out by ordinary filtering or centrifuging like those in a suspension.

These Colloid substances consists of ultramicroscopic particles of one substance dispersed through another substance from which we cannot separate them.

Sugar water is not a colloid and it is a solution in which we can separate them.

Laissez-faire is simply a way to describe a government's hands-off approach to economic policies. This approach was particularly prevalent in the United States at the turn of the 20th century, which led to numerous issues within American manufacturing.

There are many outcomes of laissez-faire economic policies. Some of the outcomes of laissez-faire economics were:

* Businesses pay workers low.

* Pollution of air and water.

* Poverty traps that cannot be escaped through free choice. 

* General glut that results from overproduction or underconsumption

* Monopoly power that emerges naturally in the market and allows businesses to exploit consumers. 

* Exploitation of the working class that pushes wages down to subsistence and compels laborers to work in harsh and unsafe conditions. 

* External economies that generate situations where desirable goods are underproduced on the market, and undesirable goods are overproduced on the market. 

* Public goods that are not supplied by the market due to free-rider problems.

Manabendra Nath Roy, known as M.N. Roy was an Indian revolutionary, radical activist and political theorist, as well as a noted philosopher in the 20th century. Roy was a founder of the Mexican Communist Party and the Communist Party of India.

True, the given statement that the atmosphere is unaffected by changes in the geosphere.

Sigmoid colon or pelvic colon is a curved, S-shaped portion of the large intestine which is closest to the rectum and anus.

* It helps to transports fecal matter from the descending colon to the rectum and anus.

* It is the final segment of the colon.