Match List-I with List-II.List-IList-II (A)Optimal Taxation (I)Dalton (B)Maximum Social Welfare Theory…

Matching the public finance concepts in List-I with the economists in List-II: (A) Optimal Taxation was pioneered by Frank Ramsey (IV) in his classic 1927 contribution to the theory of taxation. (B) The Maximum Social Welfare Theory (Principle of Maximum Social Advantage) was developed by Hugh Dalton (I). (C) The theory of Functional Finance was formulated by Abba P. Lerner (II). (D) Zero-Based Budgeting (ZBB) was introduced by Peter Pyhrr (III) in 1970. This produces the matching A-IV, B-I, C-II, D-III, which corresponds to