Who made this statement: "I still have the audacity to believe that people everywhere can have three meals a day." (LO4, 8) a) Charles Murray b) William Julius Wilson c) Barbara Bush (mother of President George W. Bush) d) Martin Luther King Jr. e) Lisbeth B. Schorr

Martin Luther King Jr. is renowned as a pivotal figure in the American civil rights movement, championing the fight against racial segregation and inequality through nonviolent protest and stirring oratory. His legacy encompasses not only his efforts in civil rights but also his strong stance on economic rights and justice.

After receiving the Nobel Peace Prize in 1964, King didn't rest on his laurels; instead, he broadened his focus to include global issues like poverty and economic inequality. He believed strongly in a universal standard of living, famously expressing in his Nobel acceptance speech his 'audacity to believe that people everywhere can have three meals a day,' highlighting his vision for economic justice worldwide.

King's statements and actions provided both a moral compass and a strategic framework for tackling economic disparities—a theme that is ever-present in current discussions around economic justice and equality.

The Nobel Peace Prize stands as one of the most prestigious awards recognising individuals or groups for their outstanding contributions to peace. Established by the will of Alfred Nobel, the inventor of dynamite, it was first awarded in 1901 and seeks to honor acts of courage and determination in the pursuit of peace and conflict resolution.

Martin Luther King Jr. was awarded the Nobel Peace Prize in 1964 in recognition of his nonviolent campaign against racism, becoming the youngest person at that time to receive this accolade. The Prize both acknowledges past achievements and encourages recipients in their ongoing work, capturing global attention and underscoring the importance of their efforts for social, political, and economic harmony.

Economic justice extends the principles of fairness and equality to the economic sphere, concerning the distribution of wealth, opportunities, and privileges within a society. It encompasses a variety of concerns including poverty, wage inequity, and access to essential services and food.

Key to understanding economic justice is the acknowledgment that economic policies and systems have profound impacts on individual well-being and community stability. Dr. Martin Luther King Jr. emphasized the importance of economic justice as an integral part of the civil rights movement, and his belief that all individuals should have access to essential resources such as food, a safe living environment, and healthcare. Economic justice seeks not only equal opportunity but also equitable outcomes for all members of society.

Problem-solving in microeconomics involves applying economic principles to understand how individuals and firms make decisions concerning the allocation of limited resources. In educational settings, this could involve case studies, theoretical questions, or real-world scenarios where students employ microeconomic concepts to analyze and propose solutions to economic issues.

Effective problem-solving requires a clear understanding of key concepts such as supply and demand, constraints, and trade-offs. Students often strengthen their problem-solving skills by examining various perspectives and potential outcomes, much like how one would examine historical figures like Martin Luther King Jr. to understand the impacts of economic policies on different segments of society. Skilled problem solvers in economics apply critical thinking to dissect complex problems and develop thoughtful, equitable solutions that aim at achieving economic justice.