Multiple choice

Match the following

 
List - I
List - Il
1. Big Push
(i) Joan Robinson
2. 'Knife - edge'
(ii) R. Rodan
3. Golden age
(iii) Phelps. E.
4. Golden rule of accumulation
(iv) Harrod, R. F

  1. 1-(i), 2-(ii), 3-(iii), 4-(iv)

  2. 1-(ii), 2-(iv), 3-(i), 4-(iii)

  3. 1-(iv), 2-(iii), 3-(ii), 4-(i)

  4. 1-(iii), 2-(iv), 3-(i), 4-(ii)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The correct matching links development economists to their key concepts: Big Push theory was developed by R. Rodan (coordinated investment to break low-level equilibrium), Knife-edge equilibrium is associated with Harrod's growth model (unstable growth path), Golden Age capitalism is Joan Robinson's concept (sustained full employment growth), and Golden Rule of accumulation is from Phelps E. (capital accumulation maximizing steady-state consumption). This matching requires knowledge of growth theory pioneers and their signature contributions.

Keep practicing — related questions