Multiple choice

Match the following ||| |---|---| | List - I| List - II| |1. The theory of market economy|(i) Simon| |2. Demand under conditions of oligopoly|(ii) Barle and Means| |3. The modern corporation and private property|(iii) Sweezy| |4. Theories of decision making in economics and behavioural science |(iv) Stackelberg|

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

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

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

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

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

"The theory of market economy" was introduced by H. V. Stackelberg in 1952. "Demand under conditions of oligopoly" was propounded by Paul M. Sweezy in 1939. "The modern corporation and private property" was suggested by A. A. Barle and G. Means in 1932. "Theories of decision making in economics and behavioural science" was propounded by H. A. Simon in 1959.

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