Question

Which economist(s) was awarded 2018 Nobel Prize in Economic Sciences?
Ben Bernanke
Amartya Sen
William Nordhaus and Paul Romer
Daniel Kahneman

Answer 1

Thanks for asking the question!

Question::

Which economist(s) was awarded 2018 Nobel Prize in Economic Sciences?

(a) Ben Bernanke

(b) Amartya Sen

(c) William Nordhaus and Paul Romer

(d) Daniel Kahneman

ANSWER::

(c) William Nordhaus and Paul Romer  is the correct answer.

Extra Information -

1. William Nordhaus (an American) and Paul Romer won 2018 Nobel Economics Prize for work in technological innovation into economic analysis and integrating climate change

2. Nordhaus created a quantitative model which described the connection between economy and climate and he is from Yale University.

3. Romer produced new ideas and laid foundations for a new model for development known as endogenous growth theory and he is from New York University's Stern School of Business

Hope it helps!

Answer 2

Hey there!

Q. Which economist(s) was awarded the 2018 Nobel Prize in Economic Sciences?

Answer : Option (c) Paul Romer, William Nordhaus

Explanation :

▪The 2018 Nobel Price in Economic Science was jointly shared by two american economist(s) William Nordhaus and Paul Romer for integrating climate change and technological innovation into macroeconomic analysis.

▪Nordhaus, of Yale University, has won it for 'investigating climate change into long-run macroeconomic analysis', was the first person to create a quantitative model that described the interplay between the economy and the climate.

▪Romer, of New York University's Stern School of Business, has won it for 'integrating technological innovations into long-run macroeconomic analysis', developed new ideas and innovations, laying the foundations for a new model for development, known as endogenous growth theory.