Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 1, Problem 7IP
To determine
Explain whether the human organs should be allowed or not to be bought and sold.
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Current research on kidney transplants (see https://www.organdonor.gov/learn/organ-donation-statistics) shows that 17 people a day die while waiting for an organ. This is because:
Of the negative externalities that prevent the government from legalizing the buying and selling of organs.
Because demand is greater than supply, reflecting the fact that people should be more willing to donate their organs.
Because the rationing role of prices is not legally allowed to work in this instance.
Because organ prices are so high, most poorer people cannot afford one.
A and D only.
Journalist: To reconcile the need for profits sufficient to support new drug with
the moral imperative to provide medicines to those who most need them but
can not afford them, some pharmaceutical companies feel justified in selling a
drug in rich nations at one price and in poor nations at a much lower price. But
this practice is unjustified. A nation with a low average income may still have a
substantial middle class better able to pay for new drugs than are many of the
poorer citizens of an overall wealthier nation.
Which one of the following principles, if valid, help to support the journalist's
reasoning?
a. People who are ill deserve more consideration than do healthy people,
regardless of their relative socioeconomic positions.
b. Whether one deserves special consideration depends on one's needs
rather than on the characteristics of the society to which one belongs.
c. Wealthier institutions have an obligation to expend at least some of their
resources to assist those incapable…
One of the most important sources of mortality risk worldwide is traffic accidents. How can the United States reduce the number of traffic accidents per year?
Chapter 1 Solutions
Microeconomics
Ch. 1.1 - Prob. 1LOCh. 1.1 - Prob. 1QCh. 1.1 - Prob. 2QCh. 1.1 - Prob. 3QCh. 1.1 - Prob. 4QCh. 1.1 - Prob. 5QCh. 1.1 - Prob. 6QCh. 1.1 - Prob. 7QCh. 1.1 - Prob. 8QCh. 1.1 - Prob. 9Q
Ch. 1.1 - Prob. 10QCh. 1 - Prob. 1QECh. 1 - Prob. 2QECh. 1 - Prob. 3QECh. 1 - Prob. 4QECh. 1 - Prob. 5QECh. 1 - Prob. 6QECh. 1 - Prob. 7QECh. 1 - Prob. 8QECh. 1 - Prob. 9QECh. 1 - Prob. 10QECh. 1 - Prob. 11QECh. 1 - Prob. 12QECh. 1 - Prob. 13QECh. 1 - Prob. 14QECh. 1 - Prob. 15QECh. 1 - Prob. 16QECh. 1 - Prob. 17QECh. 1 - Prob. 18QECh. 1 - Prob. 1QAPCh. 1 - Prob. 2QAPCh. 1 - Prob. 3QAPCh. 1 - Prob. 4QAPCh. 1 - Prob. 5QAPCh. 1 - Prob. 6QAPCh. 1 - Prob. 1IPCh. 1 - Prob. 2IPCh. 1 - Prob. 3IPCh. 1 - Prob. 4IPCh. 1 - Prob. 5IPCh. 1 - Prob. 6IPCh. 1 - Prob. 7IPCh. 1 - Prob. 8IPCh. 1 - Prob. 9IPCh. 1 - Prob. 10IPCh. 1 - Prob. 11IPCh. 1 - Prob. 12IPCh. 1 - Prob. 13IP
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