Match List I with List - II.
|
LIST - I |
LIST - II |
||
|
(A) |
Labour capital ratio |
(I) |
The price of a commodity determined by exclusively from its labour content |
|
(B) |
Labour intensive commodity |
(II) |
The commodity with lower capital-labour ratio at all relative factor prices |
|
(C) |
Labour theory of value |
(III) |
The amount of labour per unit of capital used |
|
(D) |
labour saving technical progress |
(IV) |
It increases the productivity of capital proportionately more than the labour |
Choose the correct answer from the options given below:
1
(A) - (III), (B) - (II), (C) - (I), (D) - (IV)
2
(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
3
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
4
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)