Multiple choice

Match the following:

 
Group - I Group - II
1. Protection and real wage (i) H. W. Singer
2. Distribution of gain between investing and borrowing countries (ii) W. M. Corden
3. Export gain from trade index (iii) Stopler-Samuelson
4. The structure of a tariff system and the effective protective rate (iv) A. H. Imlah

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

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

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

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

  5. 1 - (iv), 2 - (iii), 3 - (ii), 4 - (i)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

These are correctly matched. Protection and real wages are related with Stopler-Samuelson in which he showed the effect of a tariff on income distribution. This is known as Stopler-Samuelson theorem. Distribution of gains between investing and borrowing countries was associated with H. W. Singer. He assumed that opening of LDCs to foreign trade and investment tend to inhibit their development. A. H. Imlah is related with export gain from trade index and he calculated index by dividing the index of the value of exports by an index of the price of imports.

Keep practicing — related questions