Economics · Economic Concepts and Laws
Match List I with List II and select the correct answer using the codes given below: List I (Term) A. Rent-seeking B. Tragedy of the Commons C. Pareto Optimality D. Gresham's Law List II (Meaning) 1. The principle that 'bad money drives out good' 2. A state where no one can be made better off without making someone worse off 3. A situation where individuals act in self-interest to deplete a shared resource 4. Exploiting the economic environment to increase wealth without creating new wealth
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-4, B-3, C-2, D-1✓
- 2A-1, B-3, C-2, D-4
- 3A-2, B-1, C-3, D-4
- 4A-1, B-2, C-3, D-4
Correct answer
A-4, B-3, C-2, D-1
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