What tool did John Rawls believe would be beneficial to use to reconsider what changes we could/should make when pursuing a society that is just and fair for everyone? O The Hedonic Calculus. It doesn't matter what's fair or just. All we need to do is figure out what social measures would create the most quantifiable happiness for society as a whole--even if that means some people endure immense, unfair suffering for the benefit of everyone else. O An Absolute Sovereign. If you consolidate power into one person, that one person can always do a perfect job of creating a fair/equal society. Democracy has a "too many cooks in the kitchen" issue. No monarch in history has ever been criticized for doing a bad job for their citizens. O The Veil of Ignorance. Forget our present standing in society and consider the hypothetical scenario in which we could be born as worst off or best off in society. What kind of society would we be okay with if we were born in the worst position?

Assume that your company produces two goods: laptops and tablets. Assume aslo that your company has limited resources( including time) to devote to producing these items. Now assume that the laptop team does something to improve the efficiency of making laptops, while the tabley holds to old methods. Given the change you can a) only increase your production of laptops b) only increase your production of tablets c) increase production of both items d) not increase your production in either tablets or laptops.

Answer the following question:1. Are you more of a listerner or a talker? Which social skill/s do you think you need todevelop? In what ways can you develop it/them?2. If you were a parent at this time, what would you teach your children on social literacy.How would you teach them?

Look at figure 2.3 in CORE Economy. It shows various technologies for producing 100 meters of fabric. What can you conclude from this figure? O O O Technology D is more energy intensive compared to Technology C. Technology A is the most cost-effective technology, regardless of the price of coal and wage levels Technology B dominates Technology D Technology C can be cheaper than technology A. It depends on wage levels and the price of coal

To determine how much of a good to produce to achieve allocative efficiency, we O A. construct a production possibilities frontier and choose the midpoint. O B. must produce on the PPF and at the point where the marginal benefit exceeds by as much as possible the marginal cost of the good. OC. construct a production possibilities frontier and choose any point on it. O D. must produce on the PPF and at the point where the marginal benefit exceeds by any amount the marginal cost of the good. O E. must produce on the PPF and at the point where the marginal benefit and marginal cost of the good are equal.

per ounce of meat). gain, but it must be somewhere between 2 and 4. ues to The pr 3- To see why the price has to be in this range, consider what would happen if it AC were not. If the price of meat were below 2 ounces of potatoes, both Frank and Rose would want to buy meat, because the price would be below each of their opportunity costs. Similarly, if the price of meat were above 4 ounces of potatoes, fror both would want to sell meat, because the price would be above their opportunity prir costs. But there are only two members of this economy. They cannot both be buyers ples of meat, nor can they both be sellers. Someone has to take the other side of the deal A mutually advantageous trade can be struck at a price between 2 and 4. In this price range, Rose wants to sell meat to buy potatoes, and Frank wants to sell pota- toes to buy meat. Each party can buy a good at a price that is lower than his or her opportunity cost. In the end, each person specializes in the good for which he or…

7:32 AM 0.1KB/s O 63 expert.chegg.com/expei Chegg Home Expert Q&A My answers Time remaining: 00:09:22 Economics Aristotle made a key distinction between what he called 'natural' and 'un-natural' exchange. For this assignment, answer the following two questions in a page or so. 1. What is 'un-natural' exchange and why was Aristotle so worried about it? 2. How did the feudal system, via 'Canon law', manage economic and market activity?

18. How prices allocate resources Suppose that there are three plots of mountain resort land available for sale in Interlaken and six potential buyers, each interested in purchasing one plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $745,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Person Clancy Eileen Hubert Kate Manuel Poornima Willingness and Ability to Purchase (Dollars) 900,000 810,000 770,000 720,000 690,000 680,000

5. Gina and Bob are co-owners of a surf shop. Both Gina and Bob prefer to skip work and go surfing, but if they both surf, the shop is closed. Each co-owner must choose between working and surfing. If they both work, they earn $600 each. If both surf, they earn $200 each (the value they place on surfing). If only one of the co-owners surfs while the other works, the worker gets $800 and the surfer gets $1000. a. Suppose that Gina and Bob make their decision simultaneously. Depict their interaction on a payoff table showing all outcomes (payouts) payouts. Identify the equilibrium outcome(s). b. Now suppose that Gina is an early riser, whereas Bob sleeps in. Therefore, Gina decides first whether to work or surf. By the time Bob makes his decision, Gina has already committed to one of the two options. Depict this interaction in a sequential game tree. Show all the payouts and identify the equilibrium outcome(s). c. Would it be in Bob’s best interest to get up sooner, so that he can…

Refer to Exhibit 34-5. The opportunity cost of one unit of good A is O a. 2B; 1B O b. 10B; 15B c. 1/2B; 2B d. 20B; 15B O e. 1/10B; IB Country 1 Good A 100 80 60 40 20 10 Good B 0 10 20 Country 2 Good A 75 60 45 30 40 50 for country 1 and 30 15 0 Good B 0 30 60 90 120 150 for country 2.