Michael Sandel, an acclaimed Harvard Philosopher has claimed that even if markets
may under perfect conditions allocate resources ‘efficiently’ it may not be moral or ethical
always, use Sandel’s works as available online/ journals etc to argue for or against this view.

answer

watching

118

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

skytermite28Lv1

2 Jun 2021

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

2.1 Adam Smith is often called the father of economics. His famous book, The Wealth of Nations, talks about an invisible hand which automatically allocates goods to the persons most able to put them to good use. The invisible hand operates through the price mechanism for goods and services, so that individuals who trade on the market, while seeking only their own good, are actually efficiently allocating society's resources.

His ideas, if applied to modern capital markets, imply that these markets would efficiently allocate investment capital to the firms that would use the capital most efficiently in producing goods and services for society. But this would happen only if markets were left to operate without state intervention.

Do you think modern governments should leave capital markets unregulated? Why or why not?

2.2 Consider a business firm, organized as a proprietorship, which has $100,000 invested in assets a bank loan of $80,000 and $20,000 personal capital invested by the proprietor. If the firm becomes insolvent, who is at risk? Why?

2.3 In the following situation, moral hazard or adverse selection may be present. Indicate which you think is present, if any, and explain your choice.

a. An investor is asking for a bank loan to support a new business she wants to operate. She is unwilling to submit to a credit check.

amethystoyster422

Trade allows countries to use national resources more efficiently and enables industries and workers to be more productive. Trade may even allow countries to achieve higher living standards and keep the cost of many everyday products low. Without international trade, most nations would be unable to feed, clothe, and house their citizens at current levels. In fact, some types of food would become unavailable, or obtainable only at very high prices. For example, in Brazil, where coffee beans and sugar cane are readily available, prices on these items would remain low. However, coffee and sugar could become luxury items in countries such as Canada.

For this discussion activity, respond to the following prompts:

Choose one item that is internationally traded (other than the example presented) and hypothesize what would happen if this item were no longer internationally traded.

Identify who has this product, describe how it is currently used, what its current benefit is, and what happens if it is now unavailable.

Be creative with the product you select; it does not have to be an everyday, common product! (300 Words Minimum)

viridianoyster965

Write a resume cover letter for customer service

For this assignment, you should locate a job advertisement from an actual company. You may look on company websites, periodical websites, or any legitimate online job database, such as Monster.com or Careerbuilder.com, to find your ad. However, the ad you choose should contain enough details to allow you to create a specific response. Remember to find the name of an actual contact person if at all possible.

You should then compose a resume cover letter that adequately fits the job description. Be sure to use your own wording, not simply copy the examples. To make your cover letter as precise as possible, it will be helpful for you to research the company and position you choose using print media and/or internet resources, such as the online databases available through Sterne Library. Pay careful attention to how your stated skills and experience fit the job's overall requirements. If necessary, you may embellish your achievements in order to meet the qualifications for employment.

NOTE: Be sure to provide the basic requirements from the ad itself when you submit your assignment, a website address will suffice as well. This letter should be written in block business letter format and limited to one page in length.