Question
Match List - I with List - II.List - I List - II A. The distribution of Wealth (1899) I. Joan Robinson B. Mordern theory of Rent II. Marshall C. Quasi Rent III. David Ricardo D. Rent accrue to land due to original and indestructible power of the soil IV. J.B. Clark
Choose the correct answer from the options given below :
This question was previously asked in
CUET PG 2026 Agri-Business Management Question Paper (25-Mar-2026) (Shift 2)
The correct answer is
A-IV, B-I, C-II, D-III
Matching Economic Concepts and Economists
This question requires matching key economic concepts and texts presented in List-I with the relevant economists or theories in List-II.
Key Matches
| List-I Item | Description/Text | List-II Item | Economist/Theory |
|---|---|---|---|
| A | The distribution of Wealth (1899) | IV | J.B. Clark |
| B | Mordern theory of Rent | I | Joan Robinson |
| C | Quasi Rent | II | Marshall |
| D | Rent accrue to land due to original and indestructible power of the soil | III | David Ricardo |
Explanation of Matches
- A - IV: J.B. Clark authored the book "The Distribution of Wealth" published in 1899, focusing on theories of capital, distribution, and productivity.
- B - I: Joan Robinson made significant contributions to modern economic theory, including distribution theory, which encompasses rent in a broader, more modern context than classical views. Her work on imperfect competition influenced modern rent discussions.
- C - II: Alfred Marshall is credited with popularizing and developing the concept of "Quasi Rent" in his work, distinguishing it from economic rent derived purely from land.
- D - III: David Ricardo's theory of economic rent defines it as the payment to land based on its "original and indestructible powers," a foundational concept in classical economics.
The correct matching based on the analysis is A-IV, B-I, C-II, and D-III.
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