LIST-I
TheoryLIST-II
AttributesA. Signaling theory I. Individuals take actions that will likely increase their future earnings B. Human capital theory II. Individuals choose a course of action that is most in line with their personal preferences C. Behaviourism III. Information asymmetry D. Theory of rational choice IV. Study of politics should begin with society
Choose the correct answer from the options given below:
This section delves into matching various economic and social theories from LIST-I with their defining attributes in LIST-II. Understanding these connections is key to grasping core concepts in social sciences.
The following table outlines the correct pairings based on established definitions and the provided options:
| LIST-I Theory | LIST-II Attributes |
|---|---|
| A. Signaling theory | III. Information asymmetry |
| B. Human capital theory | I. Individuals take actions that will likely increase their future earnings |
| C. Behaviourism | IV. Study of politics should begin with society |
| D. Theory of rational choice | II. Individuals choose a course of action that is most in line with their personal preferences |
The Signaling theory directly addresses situations involving information asymmetry. It explains how one party credibly conveys information about themselves (e.g., skills, quality) to another party, often through observable actions or credentials when information is unevenly distributed.
Central to the Human capital theory is the idea that investments in education, skills, and health increase an individual's productivity and earning potential. Thus, it relates to individuals taking actions aimed at increasing their future earnings through skill development.
In this specific context, Behaviourism is linked to the principle that the study of politics should begin with society. While Behaviourism typically focuses on observable actions and environmental stimuli, this pairing highlights a perspective where societal structures and the study of individual actions within that society form the basis for political analysis.
The Theory of rational choice assumes individuals act purposefully to achieve their goals. This means they choose actions most aligned with their personal preferences, weighing costs and benefits to maximize their perceived utility or outcomes.
By matching each item in LIST-I to its corresponding attribute in LIST-II, we establish the following connections:
This confirmed pattern (A-III, B-I, C-IV, D-II) precisely matches the option listed as A III B I C IV D II.