(Last Word) A major objection to creating a legal market for human organs is that such a market would:
A. create a substantial surplus of unused organs.
B. increase the present shortage of organs.
C. commercialize human body parts and thus diminish the special nature of human life.
D. encourage healthier lifestyles to maintain saleable organs.
Answer: C
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According to this Application, what is one of the major puzzles regarding international financial statistics?
A) There appears to be the same amount of investment income paid and received each year. B) There appears to be less investment income paid than received each year. C) There appears to be more investment income paid than received each year. D) none of the above
In the above figure, the slope across the arc between b and d is
A) 1/2. B) 1/3. C) 5/3. D) 6/5.
Proponents of passive policy making believe that
A) the existence of time lags makes active policy ineffective or even procyclical. B) time lags do not exist so the economy will adjust too rapidly with active policy. C) government should not follow any particular policy. D) fiscal policy is always better than monetary policy in stabilizing the economy.
Which of the following is true of a competitive price-searcher firm when the market is in a long-run equilibrium?
a. MR < MC < price b. MR < MC = price c. MR = MC < price d. MR = MC = price