Three policymakers are discussing how to ensure a just distribution of the national cake. One thinks a just distribution is sharing the national cake equally, the other thinks a just distribution is rather sharing the national cake fairly, yet the third thinks a just distribution entail giving everyone his due. Referencing our discussions in the course so far, explain what the reason for their different views could be. Suggest way(s) to make progress in such a scenario.

Q: I used the word Global POLITICAL ECONOMY to describe the sum total of all interactions in the world…

A: An economy is a system of production, distribution, and consumption of goods and services within a…

Q: Which of the following best describes a 'mixed economy'? A) An economy where all resources are…

A: An economy refers to the large set of interrelated production, consumption, and exchange activities…

Q: It’s the year 2050, and things are a little crazy (crazier?) in America. Sen. Shellow Bazic (Texas)…

A: The labour market can be characterised as the relationship of workers and their employers in the job…

Q: Derrida reports an admittedly strange saying of Aristotle's that there are no which of the…

A: Aristotle said something strange about friendship: he suggested that true, unwavering friendship is…

Q: or each of the following separate parts, you are required to draw one or two graphs. Make sure that…

A: ‘Price elasticity’ of a good is the response in the demand of the good as the price of the good…

Q: Could you explain in economic concepts the situation in the image why there is scarcity in the…

A: "Scarcity" describes how little economic resources are available in today's economies. A country…

Q: Suppose there is a new preventative treatment for a common disease. If you take the preventative…

A: The Grossman model predicts that the new preventative therapy for a common disease will cause your…

Q: 1. Which of the following statements is a normative as opposed to a positive economic statement?…

A: Normative statements are value or judgment-based. They are opinions and cannot be factually…

Q: North Korea Unveils "Most Powerful Weapon" Pyongyang-North Korea today unveiled what it is calling…

A: Opportunity Cost : The opportunity cost of picking an option equals to the forgone revenue on the…

Q: hat is a basic definition of per diems? what are the pros and cons of per diems?

A: Per diems: It refers to the expenses and it is a Latin expression that signifies "for every day."…

Q: imagine that upon purchasing a helmet an economist pays a deposit of $700.  Calculate the present…

A: Present value or PV is given as  PV= FV(1+r)n Where FV is future value r is rate of discount n is…

Q: Coffee and Cheese Exchange in a POW Camp. Suppose that in the British compound of a prisoner of war…

A: The opportunity cost is the next best alternative cost that is forgone. It is the benefit earned by…

Q: Wilma can prepare 7 meals or wash 21 shirts in a day. Fred can prepare 4 meals or wash 8 shirts in a…

A: When a choice has to be made between two or more things or production choices are to be made then…

Q: Why might consumers not act? rationally?Consumers might A. only take actions that are appropriate to…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Each of 50 commuters (commuting in the same direction) must choose which of two routes to take:…

A: There are 50 commuters . So , k + n = 50 Where , k : commuters choosing route 7 , n : commuters…

Q: a) When we talk about innovations, the concept of appropriateness is central to economics. Explain…

A: Disclaimer: Since you have asked multiple questions, we will answer the first one for you. If you…

Q: How would a positive economist MOST likely approach the question of increased taxes? a. Poll a…

A: There are two types of economics: Positive economics and Normative economics. Positive economics…

Q: Although it can sound complicated, nearly everything we do is related to the economy in some way.…

A: Economy  A complex system of linked trading, consumption, and production activities make up an…

Q: what is the role of government in bringing about Pareto-efficiency

A: Pareto efficiency, also known as Pareto optimality, is an economic condition in which resources…

Q: Consider an economy than only produces two goods - Blueberries and Batteries. Step 1: Draw a…

A: A Production Possibility Frontier (PPF) is a graph that shows all the possible combinations of two…

Q: How do economists address the 3 central questions that economists ask to better understand decision…

A: While addressing the three central questions, the economist assumes that decision markers seek to…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: When analyzing the effects of China's decision to end its one-child policy, an economist would…

Q: Which of these scenarios would explain a strategy used to evaluate large numbers in terms of what…

A: A strategy is defined as a plan to help achieve a certain goal.

Q: 3. Is each of the following statements positive or normative? If the statement is positive, write a…

A: A normative statement expresses a value judgement. This is the speaker's opinion; no one can "prove"…

Q: Identify the kinds of things you purchase with your money. Now, think of as many alternative uses…

A: Opportunity cost refers to the value of the next best alternative that you give up when making a…