Match the concepts in List – I with Economists in List – II List – I List – II a) Golden Age 1) Kenneth…
Joan Robinson is associated with the Golden Age, and Kenneth Arrow with learning-by-doing. Harrod is associated with neutral technical progress in growth analysis, while…
Choose your answer
Match the concepts in List – I with Economists in List – II
| List – I | List – II |
| a) Golden Age | 1) Kenneth Arrow |
| b) Learning-by-Doing | 2) Joan Robinson |
| c) Neutral Technical Progress | 3) P.M. Romer |
| d) Learning by Investment | 4) R. F. Harrod |
Answer and explanation
Correct answer B
Joan Robinson is associated with the Golden Age, and Kenneth Arrow with learning-by-doing. Harrod is associated with neutral technical progress in growth analysis, while Romer links investment with learning and knowledge accumulation. The matching is a-2, b-1, c-4, d-3.
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Telangana SET (TG SET)