Alvin Roth of Harvard Won the 2012 Nobel Prize in Economics

question 66

Multiple Choice

Alvin Roth of Harvard won the 2012 Nobel Prize in Economics for designing systems that allocate resources in innovative ways. For example, he designed a system that matches donated kidneys to recipients waiting for such donations. This system takes into account the needs of each perspective recipient, their blood type, and the urgency of their case. This allocation of resources is made using

• A) market price.
• B) auction.
• C) lottery.
• D) personal characteristics.

---

Definitions:

Durkheim

A founding figure in sociology, known for his studies on social integration, religion, and the development of sociology as a discipline.

Rituals

Prescribed procedures or ceremonies often performed for their symbolic value, which can play a significant role in the cultural or religious practices of a community.

Poverty

A situation in which people or groups do not have the necessary financial means and basic needs to maintain a minimum quality of life.

Single Mother

A woman raising her child or children without the involvement of the father or a partner.