Match the items of List - I with items of List - II and choose the correct code : Codes : (a) (b) (c) (d)List - I List - II (a) Carroll Model (i) International trade (b) Corlett - Hague Rule (ii) Interest rate (c) Hecksher Ohlin Theorem (iii) Principles of taxation (d) Knut Wick sell’s Theory (iv) Social responsibility of business
(iv) (iii) (i) (ii)
(a) Carroll Model – Archie Carroll’s pyramid of corporate social responsibility (economic, legal, ethical and philanthropic responsibilities). So (a) – (iv).
(b) Corlett - Hague Rule – an optimal taxation principle: to reduce the excess burden, goods complementary to leisure should be taxed at higher rates. So (b) – (iii).
(c) Heckscher–Ohlin Theorem – a country exports goods that use its relatively abundant factor intensively; a theory of international trade. So (c) – (i).
(d) Knut Wicksell’s Theory – distinguishes the natural rate and the market (money) rate of interest and explains price movements through their gap. So (d) – (ii).
The code is (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii).
Hence, the answer is (iv) (iii) (i) (ii).
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