Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with this Economics questions Consider the society/country you live in, or another other country with which you are familiar. Evaluate that country

Please help me with this Economics questions

Consider the society/country you live in, or another other country with which you are familiar. Evaluate

that country according to substantive and procedural fairness, and consider which aspects of fairness you

would prioritise.

(a). To make the country fairer (according to the substantive judgement of fairness),

(i). do you prefer greater equality of income, happiness, or freedom? Why? [10]

(ii). Is there a trade-off between these aspects? [10]

(b). Are there other things that should be more equal to achieve a greater substantive fairness in your

country? {Hint: Discuss any or a combination of indicators of substantive fairness such as wealth,

health outcomes, and education outcomes} [15]

(c). How fair is your country, according to the procedural judgement of fairness? {Hint: Discuss the

rules rather than the allocation, e.g., is there equal opportunity of economic advantage} [15]

Question 3

As most countries, including Lesotho, are dealing with the second wave of coronavirus, policymakers are

faced with a trade-off between maximizing social distancing measures to suppress the disease and the need

to maintain some sense of normal economic activity. Some pundits claim this to be a classic example of

equity-efficiency trade-off in economic policies. As an "expert" in Economic Analysis and Policy what do

you think? [15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip R Cateora

13th Edition

0073080063, 9780073080062

More Books

Students also viewed these Economics questions

Question

what is the key value for a key size referring to ?

Answered: 1 week ago

Question

1. Build trust and share information with others.

Answered: 1 week ago