Match the items of List - I with items of List - II and choose the correct code : List-IList-II (a)…
Matching the concepts with their fields: (a) Archie Carroll's Four-Part Pyramid Model relates to the Social Responsibility of Business (iv); (b) the Corlett-Hague Rule…
Choose your answer
Match the items of List - I with items of List - II and choose the correct code :
| List-I | List-II |
|---|---|
| (a) Carroll Model | (i) International trade |
| (b) Corlett - Hague Rule | (ii) Interest rate |
| (c) Hecksher Ohlin Theorem | (iii) Principles of taxation |
| (d) Knut Wick sell’s Theory | (iv) Social responsibility of business |
Answer and explanation
Correct answer A
Matching the concepts with their fields: (a) Archie Carroll's Four-Part Pyramid Model relates to the Social Responsibility of Business (iv); (b) the Corlett-Hague Rule (taxing goods complementary to leisure) relates to Principles of optimal taxation (iii); (c) the Heckscher-Ohlin factor endowment theorem explains International trade (i); and (d) Knut Wicksell's natural versus market rate theory explains Interest rate determination (ii).
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UGC NET Commerce