Question

Match List - I with List - II:

• A. A-I, B-II, C-IV, D-III
• B. A-II, B-III, C-I, D-IV
• C. A-IV, B-I, C-II, D-III
• D. A-III, B-IV, C-I, D-II

Hint:

Logic Tip: Clark = Distribution of Wealth, Joan Robinson = Modern Theory of Rent, Marshall = Quasi Rent, Ricardo = original and indestructible powers of the soil.

Answer 1

The Correct Option is C

Step 1: Understanding the Question:

• We must match each item of List - I (author or concept) with the correct economist in List - II.

Step 2: Detailed Explanation:

• A. 'The Distribution of Wealth' (1899) was written by J.B. Clark, so A matches IV.
• B. The modern theory of rent is associated with Joan Robinson, so B matches I.
• C. Quasi rent is the concept given by Marshall, so C matches II.
• D. Rent accruing to land because of the original and indestructible power of the soil is the Ricardian concept of rent, so D matches III (David Ricardo).
• The matching is A-IV, B-I, C-II, D-III, which is option (C).

Step 3: Final Answer:
The correct option is (C) A-IV, B-I, C-II, D-III.