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Q:

Amartya Sen was awarded the Noble Prize for his contribution to–

  • 1
    Monetary Economics
  • 2
    Welfare Economics
  • 3
    Econometrics
  • 4
    Development Economics
  • Show Answer
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Answer : 2. "Welfare Economics"
Explanation :

Explain: -For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.

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