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In the USA buying and selling of human organs is illegal. Those who need organs cannot buy organs from the market and those who donate organs cannot sell their organs. We also know that lot more people are waiting for organs than the number of human organs available. Draw this situation in a diagram (i.e., draw the supply and demand curves for human organs). Now assume that donors cannot sell their organs but those who need organs can buy organs through the organizations dealing with organ procurement and distribution. In your diagram show the effect of this policy change. Will this policy increase the total number of organs available in the market for transplantation? Discuss.
The agency decides to hire operators to monitor calls in order to attain the optimal number of personal calls.
Distinguish between the resources market and the product market in the circular flow model.
Why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?
On the grounds of economic efficiency, do you think such a proposal to raise taxes on gun and ammunition sales worthy of attention? Discuss in terms of appropriate economic models
Explain what happen if all workers and jobs were identical, there would be just one wage rate, assuming perfect information and costless mobility.
Damage to the parked car was $5,400, and damage to the store was $12,650. What amount will the insurance company pay for the damages. What amount will Kurt have to pay?
Evaluate change in costs over period in real terms, first in 2004 dollars and m in 2005 dollars. Are your answers same. Explain why or why not.
Assuming the ABC bank has excess reserves of %5,000, it could prudently expand its loans by a maximum
Which is the safer investment, Company A Stock, Company B Stock, or a porfolio containing half of each If you make a lucky prediction about the prices of the stocks of the two companies, will you earn more or less if you invest in that company rat..
Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.
Be sure to label your graph carefully as well as accurately. What is the slope of the budget constraint.
How do venture capital boards differ in composition from the boards of companies that have been bought out and why would a board have special voting rights? How do these address some of the basic tenets of private equity?
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