Question
Who among the following has been awarded the Nobel Prize in Economics "for analysis of markets with asymmetric information"?
The correct answer is
George A. Akerlof
George A. Akerlof shared the 2001 Nobel Memorial Prize in Economic Sciences with A. Michael Spence and Joseph E. Stiglitz for their analyses of markets with asymmetric information. Akerlof showed how unequal information about product quality can undermine markets.
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Important Questions from Economy
- At the time of independence, which sector contributed the largest share to India's national income?
- Which of the following is an example of soft infrastructure?
- Which of the following statements regarding the estimation of India's national and per capita income during the colonial rule is correct?
What was one of the major characteristics of India's economy at the time of independence in 1947?
- The Fiscal Responsibility and Budget Management (FRBM) Act set limits on the fiscal deficit and public debt. What was the fiscal deficit target under the original FRBM Act by 2008-09?
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