Question

Match List-I with List-II
List-I (Name of the Book):
(A). An Inquiry into the Nature and Causes of Wealth of Nations
(B). Principles of Economics
(C). The General Theory of Employment, Interest and Money
(D). The Theory of Monopolistic Competition
List-II (Name of the author):
(I). Alfred Marshall
(II). Adam Smith
(III). E. H. Chamberlin
(IV). J. M. Keynes
Choose the correct answer from the options given below:

• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (IV), (B) - (II), (C) - (III), (D) - (I)
• (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
• (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Hint:

To remember the authors easily:
- Wealth of Nations $\rightarrow$ Adam Smith (1776)
- Principles of Economics $\rightarrow$ Alfred Marshall (1890)
- General Theory $\rightarrow$ J. M. Keynes (1936)
- Monopolistic Competition $\rightarrow$ E. H. Chamberlin (1933)

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
Familiarity with historic publications and landmark literature is essential in the study of economic theory.

Step 2: Detailed Explanation:
Let us match each book in List-I with its author in List-II:
- (A). An Inquiry into the Nature and Causes of Wealth of Nations:
Published in 1776, this book is widely regarded as the foundation of modern economics.
It was authored by the Scottish philosopher Adam Smith (II).
- (B). Principles of Economics:
Published in 1890, this classic textbook brought neoclassical economics to the mainstream.
It was written by the English economist Alfred Marshall (I), introducing demand and supply curves and marginal utility.
- (C). The General Theory of Employment, Interest and Money:
Published in 1936 in the aftermath of the Great Depression, this book founded modern macroeconomics.
It was written by the British economist John Maynard Keynes (IV).
- (D). The Theory of Monopolistic Competition:
Published in 1933, this book introduced the model of product-differentiated markets.
It was written by the American economist Edward Hastings Chamberlin (III).
Thus, the matching is: (A) - (II), (B) - (I), (C) - (IV), (D) - (III).

Step 3: Final Answer:
The correct option is (C).