How can justice in establish in the distribution activity in Islamic Economics scope?
Q: What is economic justice and should there be a Hippocratic Oath for economists?
A: GIVEN DATA Views on economic justice and whether should be there Hippocratic oath for economists
Q: What is the value base of communitarian capitalism?
A: The philosophy of communitarianism emphasises the individual's relationship to the greater…
Q: Problem 1 Suppose firms have a CES production technology Y = [(AK)° + LPJË where -o <p<1 is the CES…
A: Given: The production technology for CES firm is: Y = (AK)P +LP1P The maximize profit function is:…
Q: Utilitarianism definition
A: It is one of the morality theory. It proposes actions that cause happiness. It opposes actions…
Q: How is ethics related to economics
A: Ethics studies ideals and virtues. A value is a good to be accomplished or a principle of right to…
Q: Discuss the meaning of Zakat, its legitimacy on economic perspective
A: Zakat is a financial term related to Islam that refers to a type of tax that a Muslim person has to…
Q: What are the likely consequences of not intervening?
A: The government can intervene in an economy through various ways and this can affect differently to…
Q: what are the examples of every college student in their decision (could range from small matters to…
A: College students consist of those populations whose main objective is to learn and improve skills…
Q: Is either the capitalist economic model or the socialist economic model preferable from a moral…
A: Capitalist economic model refers to an economy which is driven by private sector. The majority of…
Q: If a school library has 150 different books (one copy of each), in how many ways can you distribute…
A: Given: Number of books = 150 Number of kids = 80
Q: What are some examples of res ispa loquitur? I can see how it applies to plane crashes and such but…
A: Res ipsa loquitur, Latin for "the thing speaks for itself," is a legal doctrine used in tort law. It…
Q: A _______ occurs when decision-makers face incentives that make it difficult to achieve mutually…
A: In economics, decision-making involves evaluating the costs and benefits of various alternatives and…
Q: When does a situation of benefit in BOP arise?
A: The country's international accounting transactions for a particular time period is termed as…
Q: Can Islam really solve pricing problem? I want answer from economist.
A: Islam does not tend to favour privatization of the public properties and means of production being…
Q: Why is it needed to maintain Social Graces through certain unwritten guidelines that maintain the…
A: Social graces can be defined as a skill used for dealing with people and society. In order words it…
Q: Rank 1 2 3 4 5 6 7 8 9 10 Cause of Death diseases of the heart diseases of the vascular system…
A: A bar graph is a representation of tabular data graphically with the use of bars or strips. They are…
Q: In general, what are some of the tactics the government uses to correct market failure? List 3 and…
A: Since you have asked multiple questions, we will answer only the first one for you. If you want the…
Q: What are the human behaviors economists should observe when creating economic models?
A: The human behaviours that must be taken into account while developing an economic model depend on…
Q: Discuss the pros and cons of utilitarianism.
A: Utilitarianism views supports actions that increases the overall utility of the society. The main…
Q: Explain Key principles of economics
A: Economics refers to the study which explains the how resources are scarce and how the available…
Q: Question 20 Hide Correct Answer Show Responses Suppose there is a negative output gap of 12 (the…
A: potential output level means that economy is producing at full capacity and beyond that production…
Q: What is free rider problem and under which condition does it occur? Explain with an example.
A: In economics, market failure is a condition in which products and services are distributed…
Q: There are principles of Hygiene and principles of Charity in Islamic consumption. What is the…
A: In the production process, the conditions and fluctuations that happen between demand and also the…
Q: What do you understand the term “argument” to mean? Give one or more examples of arguments in…
A: The argument is a term used to define coherent series of statements, facts, or reasons that are…
Q: In Mcdonald v. Chicago Justice John Paul Stevens made an argument against applying all Bill of…
A: Bill of rights provisions : It was the first amendment in United States also known as bill of rights…
Q: Are there any circumstances under which society could exist without law?
A: ANSWER A Society rarely survives without some formed code of conduct. Thus it cannot exist without…
Q: What are the two types of market failure and how are they corrected? Why doesn't the market self-…
A: Market failure is when the demand and supply of goods and services in an economy fails to produce…
Q: How did sectarian violence influence the shaping of some parts of the West?
A: The sectarian violence is also known as the sectarian strife and this was inspired from the…
Q: Do contemporary capitalist economies work this per-fectly?
A: Capitalism, often known as the capitalist economy, is an economic system in which private firms…
Q: What is problem of origin sins?
A: Original sin can be defined as terms in economics books, proposed by Barry Eichengreen, Ricardo…
Q: A new policy requires all automobiles to be equipped with side airbags. Assuming the airbags…
A: Here, it is given that a new policy is implemented, according to which all automobiles are required…
Q: Why does the government answers the basic questions in mixed market economics
A: A system of economy which is a blend of capitalist and socialist system of economy is called mixed…
Q: How does the principle of duality influence decision-making in economics?
A: Duality signifies the connection that exists between the quantity and price that takes place as a…
Q: Detine Scarcity and naiginal vtilityz
A: Economics is concerning the processing, distribution, and use of goods and services. Economics…
Q: o you think secularization is good or bad? Why?
A: Secularization, taken in its broadest sense, implies the expansion in the common, the fleeting, or…
Q: What are the potential positive and negative impacts of applying the basic prociples of trade,…
A: Opportunity cost describes the value of the next best alternative foregone when a decision is made…
Q: What are the key elements of the scientifific method and how does this method relate to economic…
A: The methodology used by economists to determine economic laws or values is the scientific method. To…
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