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: Consider the market for pita bread. All else equal, when tastes change such that more people like…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Explain the role that is played by the three decision makers in the economy

A: The firm, the household, and the government are the three basic economic units that carry out…

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: In common parlance, we say that economics is everywhere. Comment

A: Economics is that the investigation of how people choose choices notwithstanding shortage. These are…

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: Explain why economists disagree on many issues. Give at least two examples of problems upon which…

A: The study of economics deals with the allocation of scarce resources in a manner that most of the…

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: Give an example of a positive statement and an example of a normative statement that somehow relates…

A: 1. A positive statement is a factual statement that can be verified or proven through evidence,…

Q: Suppose there is economy – spending is high, so how they combat to support their spending

A: Solution: If spending is high in the economy, it means the economy is in deficit. It is the…

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: Discuss thoroughly the graph attached and explain thoroughly how the Philippines performed from 2010…

A: Undernourishment is defined by the UN as a condition in which people do not have enough calories to…

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: Good which are supposed to be used together to satisfy a want or need are called___________

A: # Few goods can be used in place of each other and few foods are supposed to be used together to…

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: According to economists, people will do a particular activity only if the benefits are greater than…

A: As a rational people , everyone want to earn or get more and more satisfaction at minimal cost here…

Q: Fisher claims that the counterparts of particle and energy in mechanics are individual and utility…

A: In the last decade, the study of economics has evolved to incorporate several concepts of advanced…

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: Each of the following situations requires some trade-offs. You are supposed to analyze and discuss a…

A: Trade Off refers to choosing between two alternatives. In order to choose one alternative a person…

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: You want to make a model showing how people decide to decorate their houses and lawns. You assume…

A: Models are developed by economists and other experts from various fields to test their relevance in…

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…