Match List - I with List - II.

List-I Economics of Education	List- II Economist
A.	Education is functioning necessity	I.	Gary Becker
B.	Education is investment in human capital	II.	Michael Spence
C.	Education level is a Signal of worker's ability	III.	Amartya Sen
D.	Education demand is influenced by public-private economic decisions	IV.	Keynes

Choose the correct answer from the options given below:

Correct option is C

The correct match is (c) A - III B - I C - II D - IV
Matching the concepts of the economics of education with the economists:
Education is a functioning necessity (A - III): Amartya Sen
Education is an investment in human capital (B - I): Gary Becker
Education level is a signal of worker's ability (C - II): Michael Spence
Education demand is influenced by public-private economic decisions (D - IV): Keynes
Information Booster:
1. Human Capital Theory: Education increases productivity and earnings.
2. Signaling Theory: Education signals a worker’s ability to employers.
3. Public and Private Education Decisions: Influence of economic policies on education demand.
4. Functioning and Capability Approach: Education enhances capabilities and freedoms.
Additional Information:
· Amartya Sen (III): Known for the capability approach, viewing education as a functioning necessity.
· Gary Becker (I): Pioneered human capital theory, viewing education as an investment.
· Michael Spence (II): Developed signaling theory in labor markets.
· Keynes (IV): Economic theories include the role of government in education.