Scenario 1 Two Men Live Alone on an Isolated Island. to Survive

question 37

Essay

Scenario 1
Two men live alone on an isolated island. To survive they must undertake a few basic economic activities like water carrying, fishing, cooking and shelter construction and maintenance. The first man is young, strong, and educated. He is also faster, better, and more productive at everything. He has an absolute advantage in all activities. The second man is old, weak, and uneducated. He has an absolute disadvantage in all economic activities. In some activities the difference between the two is great; in others it is small.
-Based on Scenario 1 above critically evaluate the following statement. "Because of the disparities in skills between these two men it will not be beneficial for them to trade with one another."

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Definitions:

Confucius

An ancient Chinese philosopher and educator, whose teachings emphasized personal and governmental morality, correctness of social relationships, justice, and sincerity.

Harmonious Interplay

The balanced and cooperative interaction or coordination among components or agents, leading to a pleasing or effective outcome.

David Hume

An 18th-century Scottish philosopher, historian, economist, and essayist known for his philosophical empiricism, skepticism, and naturalism.

Collective Judgment

The combined or group decision-making process, reflecting the consensus or majority view.