Discussion
Match the following :
| Nobel Prize Winner | Field/Area |
|---|---|
| (a) Amartya Sen | (i) Behavioural Economics |
| (b) Richard Thaler | (ii) Development Economics |
| (c) Paul Krugman | (iii) Welfare Economics |
| (d) Robert Lucas | (iv) International Trade |
Answer: D
The correct code is a-iii, b-i, c-iv, d-ii.
Amartya Sen won the 1998 prize for contributions to welfare economics. Richard Thaler won in 2017 for behavioural economics. Paul Krugman won in 2008 for his analysis of trade patterns and the location of economic activity, that is, international trade. Robert Lucas won in 1995 for rational expectations; the paper pairs him with development economics, reflecting his well-known work on the mechanics of economic development and growth.
Once Sen, Thaler and Krugman are placed, only the last code fits; the others put Sen with behavioural or trade economics, or Thaler with development.
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