Examlex
In this essay Johnson compares God's behavior with that of a morally good person. If you know that a six-month-old baby is in a burning building and you have the opportunity to save it without undue risk to your life, you would no doubt save the baby. Of course, if you could not save the child, you would be excused. The question is, "Why doesn't God intervene to save not just babies who are caught in fires but people everywhere who are suffering and in great need of help?" Johnson considers various "excuses" the theist might claim for God and argues that they all fail. His conclusion is that if there is a God, he or she is probably either evil or both good and evil.
-Johnson says that God is like a bystander who refuses to help save a child from the flames even though he has the power to do so.
Labor Market
A marketplace where wages are determined, and workers are hired and fired.
Consumer Surplus
The difference in the total cost consumers are prepared and financially able to cover for a good or service, against the total cost they actually cover.
Minimum Price
The lowest possible price at which a product or service can be sold, often set by government regulations to protect producers or consumers.
Market Equilibrium
A situation in which the supply of an item is exactly equal to its demand, leading to a stable market price.
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