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  1. Home
  2. /Prelims Questions
  3. /Miscellaneous
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Miscellaneous·2019·Easy

S1 : The Nobel Prize for Economics in 2018 was awarded to Paul Romer and William Nordhaus for their work in two separate areas: economic growth and environmental economics respectively. S6 : Among recent winners of Nobel Prize in Economics, it’s hard to think of one issue which is more topical and relevant to India. P: But there is a common thread in their work. Q: In economic jargon it’s termed as externality. R: Productive activity often has spillovers, meaning that it can impact an unrelated party. S: Romer and Nordhaus both studied the impact of externalities and came up with profound insights and economic models. The correct sequence should be

S1: The Nobel Prize for Economics in 2018 was awarded to Paul Romer and William Nordhaus for their work in two separate areas: economic growth and environmental economics respectively.
S6: Among recent winners of Nobel Prize in Economics, it’s hard to think of one issue which is more topical and relevant to India.

P: But there is a common thread in their work.

Q: In economic jargon it’s termed as externality.

R: Productive activity often has spillovers, meaning that it can impact an unrelated party.

S: Romer and Nordhaus both studied the impact of externalities and came up with profound insights and economic models.

The correct sequence should be

Options

  1. a.

    P Q R S

    Correct answer
  2. b.

    P R Q S

  3. c.

    Q S P R

  4. d.

    Q S R P

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