Multiple choice

US economist Paul Krugman is awarded the Nobel Economic Prize 2008 for his ________

  1. market fluctuation theory

  2. global financial structure theory

  3. economic monopoly theory

  4. trade analysis theory

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Paul Krugman was awarded the 2008 Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory and economic geography, specifically his analysis of trade patterns and economies of scale. His work explained how trade patterns are shaped by consumer preferences for diversity and network effects. The distractors (market fluctuation, global financial structure, economic monopoly) are not accurate descriptions of his contributions.