Arrange the Nobel laureates in Economics as per their year of receiving award in descending order. A.…
The award years are Paul Krugman 2008, Amartya Sen 1998, James Tobin 1981, Milton Friedman 1976 and Friedrich Hayek 1974 (shared with Gunnar Myrdal). In descending order,…
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Arrange the Nobel laureates in Economics as per their year of receiving award in descending order.
A. Amartya Sen
B. Paul Krugman
C. James Tobin
D. Friedrich Hayek
E. Milton Friedman
Answer and explanation
Correct answer D
The award years are Paul Krugman 2008, Amartya Sen 1998, James Tobin 1981, Milton Friedman 1976 and Friedrich Hayek 1974 (shared with Gunnar Myrdal). In descending order, latest first, this is Krugman, Sen, Tobin, Friedman, Hayek. Any sequence beginning with Sen or Friedman is wrong, because Krugman's 2008 award is the most recent of the five.
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UGC NET Economics