Economics · Economy
Match LIST-I with LIST-II: LIST-I (Development Framework) A. Robert Lucas's Endogenous Paradigm B. Dependency Theory (Frank, Prebisch) C. W. Arthur Lewis's Framework (1954) D. Neo-Classical Growth Theory (Solow, Swan, Meade) LIST-II (Defining Mechanism) I. Conceptualises development through a dual economy operating with an unlimited supply of labour. II. Rests on the fundamental assumptions of perfectly competitive markets, flexible factor prices, and exogenous technology. III. Posits that underdevelopment is systematically caused by the core exploiting the periphery. IV. Establishes human capital accumulation, education, and learning-by-doing as the central engines of sustained national growth. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-I, B-II, C-III, D-IV
- 2A-IV, B-III, C-I, D-II✓
- 3A-IV, B-II, C-I, D-III
- 4A-III, B-IV, C-II, D-I
Correct answer
A-IV, B-III, C-I, D-II
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