Discussion
| List - I | List - II |
|---|---|
| I. Behavioural theory of the firm | 1. J.B. Clark |
| II. Marginal productivity theory of distribution | 2. Cyert and Mark |
| III. Double criterion of welfare | 3. Kenneth Arrow |
| IV. Impossibility Theorem | 4. Scitovosky |
Answer: A
The matching is: the behavioural theory of the firm with Cyert and March (2), the marginal productivity theory of distribution with J. B. Clark (1), the double criterion of welfare with Scitovsky (4), and the impossibility theorem with Kenneth Arrow (3), giving 2 1 4 3, option A. Options B, C and D pair the behavioural theory or the impossibility theorem with the wrong person, for example by giving Arrow the behavioural theory in option B.
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