Match List I (Concepts)List II (Economists) (a) Gross Barter terms of trade (i) Jacob Viner (b) Single…
Gross barter terms are associated with Taussig, single-factoral terms with Viner, income terms with Dorrance and secular deterioration with Prebisch–Singer. Hence the…
Choose your answer
Match
| List I (Concepts) | List II (Economists) |
|---|---|
| (a) Gross Barter terms of trade | (i) Jacob Viner |
| (b) Single factoral terms of trade | (ii) Dorrance |
| (c) Income terms of trade | (iii) F.W. Taussig |
| (d) Secular deterioration in terms of trade of developing countries | (iv) Prebisch – Singer |
Choose the matching code, in the order (a), (b), (c), (d).
Answer and explanation
Correct answer C
Gross barter terms are associated with Taussig, single-factoral terms with Viner, income terms with Dorrance and secular deterioration with Prebisch–Singer. Hence the mapping is (iii),(i),(ii),(iv).
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UGC NET Economics