Match the following and select the correct answer from the options given below :
|
List – 1 |
List – 2 |
||
|
i. |
Pure public goods |
1. |
Deadweight loss |
|
ii. |
Taxes that control externalities |
2. |
Walras’s law |
|
iii. |
Excess demand for one good implies an excess supply of the other good |
3. |
Pigouvian taxes |
|
iv. |
Welfare cost of a tax |
4. |
Samuelson |
1
i – 4; ii – 3; iii – 2; iv – 1
2
i – 3; ii – 1; iii – 4; iv – 2
3
i – 2; ii – 4; iii – 1; iv – 3
4
i – 1; ii – 2; iii – 3; iv – 4