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Three US-based academics Simon Johnson, James Robinson and Daron Acemoglu won the 2024 Nobel Prize in Economics for their work on:

A“How institutions are formed and affect prosperity”
B“Advancing understanding of women’s earnings and labor market outcomes”
C“Research into banks and financial crises”
D“Failure of macroeconomic policies in developing countries”

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Correct Answer: A: “How institutions are formed and affect prosperity”

Explanation: The correct answer is A: How institutions are formed and affect prosperity. Simon Johnson, James Robinson, and Daron Acemoglu won the 2024 Nobel Prize in Economics for their work on how institutions are formed and affect prosperity. Their research showed that inclusive institutions drive long-term economic development.

Three US-based academics Simon Johnson, James Robinson and Daron Ac...