One objection to a competitive and legal market for human organs for transplant is that it would:
A. Decrease the cost of organs for transplant
B. Increase the cost of organs for transplant
C. Decrease the supply of organs for transplant
D. Increase the demand for organs for transplant
B. Increase the cost of organs for transplant
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The endogenous growth model predicts that
A) there is convergence in incomes per capita across countries. B) output per capita is constant. C) rich countries will always become poor. D) differences in per capital incomes across countries persist forever.
If individuals do not hold currency, we know that
A) M = D. B) H = R. C) the money multiplier is 1/?. D) all of the above
Price equals the minimum of long-run average cost
A) in a long-run equilibrium. B) in a short-run equilibrium as well as in a long-run equilibrium. C) whenever average revenue equals marginal cost. D) along a horizontal long-run supply curve, but not along an upward sloping long-run supply curve.
Suppose that when the price of hamburgers increases, the Ruiz family increases their purchases of hot dogs. To the Ruiz family
A) hamburgers and hot dogs are complements. B) hamburgers and hot dogs are inferior goods. C) hamburgers and hot dogs are normal goods. D) hamburgers and hot dogs are substitutes.