Social Science Questions & Answers

Social Science Questions & Answers

What is a Pagoda?

A pagoda, in South-east Asia, is a cone-shaped monumental structure built in memory of the Buddha. But in the Far East, a pagoda is a tower-like, multi-storeyed structure of stone, brick, or wood, usually associated with a Buddhist temple complex. The pagoda is derived from the stupa of ancient India, which was a dome-shaped commemorative monument, usually erected over the …

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What is a mudskippers?

Mudskippers are small tropical fish of the eastern Atlantic, the Indian Ocean and the western Pacific from Australia to Japan. They live in estuaries with mudbanks and also in mangrove swamps. Their eyes protrude from their heads and can be moved independently of each other. When the mud is exposed by the ebbing of the tide the mudskippers come out …

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What is a moot court?

In constitutional law, a moot court is an important part of the curriculum undertaken twice in a semester, during the class time, and students serve as both presenter and judges. A moot court is a competition, conducted at both undergraduate level and in law school, in which teams of students prepare and argue legal cases. Such cases may be real …

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What is a Minskian Ponzi deal?

The Minskian Ponzi deal was a theory propounded by American economist Minsky, in 1986. Such deals are both unsustainable and hazardous. In Minsky’s view, periods of economic and financial stability lead to a lowering of investors’ risk aversion and a process of releveraging. Investors borrow excessively and push asset prices excessively high. In this process, there are three types of …

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What is a loofah?

A loofah is a fibrous, cylinder-shaped vegetable product often used in bathrooms as a kind of rough sponge or gentle brush. It is the dried interior of the fruit of a plant know to botanists as Luffa aegyptiaca. Less dignified, though more descriptive, names for this tropical climbing or trailing herb are dishcloth gourd and vegetable gourd. The luffa belongs …

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What is a liquidity trap?

In this age of recession and shrinking world economies, governments, in a bid to increase aggregate demand (AD), may lower interest rates to encourage spending. This is because a lower interest rate makes spending relatively more attractive to consumers and businesses than saving in banks. When a government continues to lower interest rates repeatedly and they reach a level of …

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