Robert Needs to Raise $100,000 to Pay for an Operation

question 90

Multiple Choice

Robert needs to raise $100,000 to pay for an operation that will save his wife's life. The only way he can raise the money is to sell one of his kidneys to a wealthy man in need of a kidney transplant. This is an example of a trade that:

• A) would never be permitted in any society.
• B) may benefit each party but cannot be considered efficient.
• C) may benefit each party but may not be permitted in a society that believes selling body parts is morally wrong.
• D) should be permitted as long as each party enters into the agreement voluntarily.

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Definitions:

Retirement Account

A financial account designed for saving funds specifically for the period of life when an individual stops working.

Compounded Monthly

Compounding monthly refers to the addition of interest to the principal sum of a loan or deposit, calculated on a monthly basis, which results in earning interest on interest.

Mortality Table

A table that lists death rates according to age groups.

Mortality Table

A mortality table, or life table, is a statistical chart used in insurance to give the probability of death for people at different ages, helping in the assessment of risk.