What is one theoretical field Samuelson worked in?
Consumer theory
Astrophysics
Microbiology
Mechanical engineering
Answer
Consumer theory is a subfield of microeconomics that studies how individuals make choices regarding the allocation of their limited resources (e.g., income) among various goods and services. It is one of the most important areas of microeconomics, as it provides a foundation for understanding how markets work and how prices are determined. Paul Samuelson was a pioneer in the field of consumer theory.
The Samuelson Saga: Unraveling the Legacy of an American Economist!
More Questions
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox