Questions

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.

According to Gandhiji, A sound body means one which bends itself to the spirit and is always a ready instrument at its service. Such bodies are not made, in my opinion, on the football field. They are made on cornfields and farms.

In 454 B.C, laws were codified in Rome. The laws were written on tablets of wood and were known as 'Laws of Twelve Tables'.

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.

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

Ctrl+Shift+F Opens the Font dialog box with the focus at the Font combo box.

A trampoline is a sheet or web supported by springs in a metal frame and is used as spring board.