All but One of the Following Economists Were Awarded a Nobel

question 67

Multiple Choice

All but one of the following economists were awarded a Nobel prize for their contributions to experimental economics and their explorations of the influence fairness has on consumer decision-making.Which economist did not receive a Nobel Prize for this work?

• A)Vernon Smith
• B)Alan Krueger
• C)Daniel Kahneman
• D)Maurice Allais

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Definitions:

Balance Sheet

A financial statement that outlines an entity's assets, liabilities, and equity at a specific point in time.

Unearned Revenue

Money received by an entity for services not yet performed or goods not yet delivered.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership share of stockholders.