If the government allowed a free market in organs for transplant there would be
a. a decrease in the shortage of organs for transplant.
b. a decrease in producer surplus.
c. an decrease in consumer surplus
d. an increase in the waiting period for transplant organs.
a
You might also like to view...
According to the graph shown, what does P on the y-axis stand for?
A. Average price level
B. Inflation rate
C. Price of GDP
D. Price of Y
Holding all other factors constant, which of the following would shift the demand curve for air travel to the left?
(a) An increase in fuel costs. (b) Increased wages for airline staff. (c) Decreased price of ferry tickets. (d) Both (b) and (c).
Which of the following statements is not true?
A. There is a wage premium for investing in high levels of education. B. The wage premium of men and women college graduates has been increasing over time. C. Better-educated individuals are more productive. D. Public policy initiatives that support on-the-job training have been met with mixed results.
When there is a building that is used for production, but no one has clear property rights to it
A. this is known as "dead capital" and causes inefficient production. B. this is known as "dead capital" and causes no production. C. resources are guided to their best use by "the invisible hand." D. this is known as "dead capital" and causes efficient production.