46. Who is known for the concept of “irrational exuberance” in economics?
a) Robert Shiller
b) Joseph Stiglitz
c) Richard Thaler
d) Eugene Fama
Answer: a) Robert Shiller
47. Who is known for the theory of “supply-side economics”?
a) Arthur Laffer
b) Milton Friedman
c) John Maynard Keynes
d) Friedrich Hayek
Answer: a) Arthur Laffer
48. Who is known for the concept of “the tragedy of the commons” in economics?
a) Garrett Hardin
b) Elinor Ostrom
c) Ronald Coase
d) Thomas Piketty
Answer: a) Garrett Hardin
49. Who is known for the concept of “behavioral economics”?
a) Daniel Kahneman
b) Richard Thaler
c) Robert Shiller
d) Esther Duflo
Answer: a) Daniel Kahneman
50. Who is known for the theory of “efficient market hypothesis”?
a) Eugene Fama
b) John Kenneth Galbraith
c) Paul Samuelson
d) Friedrich Hayek
Answer: a) Eugene Fama
