Match List – I (Economists) with List – II (Concepts) and indicate the correct code given below the lists :
|
List – I (Economists) |
List – II (Concepts) |
|
a. Adolph Wagner |
1. Increase in public expenditure follows step-wise manner |
|
b. Peacock and Wisemen |
2. Critical limit for the share of public expenditure is 25% |
|
c. Colin Clark |
3. Voluntary exchange theory |
|
d. Lindahl |
4. Public expenditure increases with the growth of the economy |
1
a - 2, b - 3, c - 4, d - 1
2
a - 1, b - 2, c - 4, d - 3
3
a - 3, b - 2, c - 1, d - 4
4
a - 4, b - 1, c - 2, d - 3