Q.
1

Column A

  

 Column B

 
a. Maximization of society’s welfare even when individuals behave selfishly to further their own economic status.  

i. Equilibrium

 
b. State of balance from which there is no tendency to change ii. Non-Satiation

 
c. Best possible state within a given set of constraints iii. The invisible hand

 
 d. A situation wherein a customer always prefer more of goods to less of goods. iv. Optimization
  • A

    a        b        c        d

    iv       i         iii       ii

     

  • B

    ii        i         iv       iii

  • C

    iii       i         iv       ii

  • D

    iv       i         ii        iii