Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Describe the market for kidney organs, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Describe the market for kidney organs, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market using specific economic terminology and concepts learned in this course. Describe the benefits and costs but leave the discussion of organ rationing and other solutions to the problems in this market for the next part. Describe this market using the supply and demand graphical model; reference your graph in your description. Include \"graph 1\" of this market at the end of the paper in an appendix (not included in page count). This should be a discussion without mentioning Price Controls, only discuss how the kidney organ market would be without government intervention. Feel free to use any stats or data that you find through your own research - make sure you use multiple different economic terms from key concepts in chapters 1 and 3 throughout this part of the paper or you will not earn a complete on this assignment. Each individual student is required to determine what graph they would like to use in their analysis to describe the situation above; the graph can be created by the students or found through other sources as long as proper citation in provided. Consider the reasons why the market for kidney organs is not a free market in the US, specifically discuss equity concerns. Expand on your discussion of the market from Part |, using what you have learned about government interventions/price controls. o Discuss the current government intervention in the Kidney Market in the U.S. Describe this market - comparing the free market and to the government intervention in a graph - add to the supply and demand graphical model "graph 1" OR include a separate supply and demand graphical model "graph 2" or you will not earn a complete on this assignment; reference and discuss your graph in your paper. Explain the current government intervention and exactly how it corrects the problems of the free market. Include any other beneficial aspects of the intervention that you find through your own research - make sure you use multiple different economic terms from key concepts chapter 4 throughout this part of the paper or you will not earn a complete on this assignment. Each individual student is required to determine what graph they would like to use in their analysis to describe the situation above; the graph can be created by the students or found through other sources as long as proper citation in provided. e Also discuss other Donation Systems Around the World, no need to add a graph here. Explore the policies that are currently implemented across the globe (i.e. some discussed in the articles include - routine removal, presumed consent, organ donor points, "no give, no take", etc.). Evaluate the limitations of these policies. Also consider how these policies fare in terms of the efficiency vs. equity debate. (You do not need to critique them all, just select from 2 or 3 different countries that you find interesting/appealing.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Relations

Authors: Tom Kelleher

1st Edition

0190201479, 9780190201470

More Books

Students also viewed these Economics questions

Question

What factors might influence a firms price-earnings ratio?

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago

Question

Technology

Answered: 1 week ago