Question
Match List - I with List - II and point out the correct answer from the codes below : List – I (Concept) List – II (Economist) (a) Profit as a dynamic surplus (i) J. Schumpeter (b) Profit as reward for innovation (ii) M. Kalecki (c) Profit as reward for uncertainty bearing (iii) F.H. Knight (d) Profit arise due to monopoly power enjoyed by the producers (iv) J.B. Clark
The correct answer is
(a) - (iv), (b) - (i), (c) - (iii), (d) - (ii)
The matches are (a)–(iv), (b)–(i), (c)–(iii), (d)–(ii): J. B. Clark—dynamic surplus; Schumpeter—innovation; Knight—uncertainty bearing; and Kalecki—degree of monopoly.
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