Identify and Discuss the Ethics Theory That Is Attributed to Philosopher

question 81

Essay

Identify and discuss the ethics theory that is attributed to philosopher John Rawls.In which category is this theory placed when discussing ethical conduct? Discuss the two fundamental principles of this theory of justice.

Distinguish between private, social costs, and benefits in the presence of externalities.

Calculate the efficient level of output and price in markets with externalities.

Recognize the difference between negative and positive externalities and their impact on social welfare.

Explain how externalities lead to an inefficient allocation of resources in the absence of government intervention.

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Definitions:

Meaning

The significance, definition, or explanation of a concept, word, or phrase.

Relation

The way in which two or more concepts, objects, or people are connected; a thing's relative position or standing.

Phonemes

The smallest units of sound in a language that can distinguish one word from another in a specific linguistic context.

Story Grammars

The structure and rules guiding the organization and sequencing of narrative elements in stories and narratives.