71. Who is known for the theory of “efficient markets hypothesis”?
a) Eugene Fama
b) Joseph Stiglitz
c) Richard Thaler
d) Robert Shiller
Answer: a) Eugene Fama
72. 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
73. Who is known for the theory of “asymmetric information” in economics?
a) George Akerlof
b) Michael Spence
c) Joseph Stiglitz
d) Oliver Williamson
Answer: c) Joseph Stiglitz
74. Who is known for the concept of “transaction costs” in economics?
a) Ronald Coase
b) Oliver Williamson
c) Elinor Ostrom
d) Herbert Simon
Answer: a) Ronald Coase
75. Who is known for the theory of “new trade theory” in economics?
a) Paul Krugman
b) Robert Solow
c) Joseph Stiglitz
d) Angus Deaton
Answer: a) Paul Krugman
