Discussion
Match the following :
| Theory of wages | Propagators |
|---|---|
| a. Wage Fund Theory | i. John Bates Clark |
| b. Marginal Productivity Theory | ii. John Davidson |
| c. Bargaining Theory | iii. John Stuart Mill |
| d. Investment Theory | iv. Gilelman |
Codes : a b c d
Answer: B
The correct matching is the Wage Fund Theory with John Stuart Mill (iii), the Marginal Productivity Theory with John Bates Clark (i), the Bargaining Theory with John Davidson (ii) and the Investment Theory with Gilelman (iv). The code is iii i ii iv.
Option (A) gives the Wage Fund Theory to John Davidson. Option (C) gives it to Gilelman. Option (D) gives it to John Bates Clark. Mill's version of the wage fund doctrine is the one in the key.
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