What are the problems associated with the sale of human organs?
There are several problems with the sale of human organs. First, there may be an asymmetric information problem. When people receive money for their organs, they might hide "adverse" information about their health history. Second, there is the equity issue of allocating human organs on the basis of willingness to pay. Third, it is also likely to increase heath care spending as patients and insurance companies would have to pay a higher price.
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"All Americans should have access to health care" is an example of
A) a positive statement. B) a microeconomic argument. C) a factual statement. D) a normative statement.
A price floor is binding when it is set
a. above the equilibrium price, causing a shortage. b. above the equilibrium price, causing a surplus. c. below the equilibrium price, causing a shortage. d. below the equilibrium price, causing a surplus.