Economists Who Approve of Exporting Pollution to or Importing Kidneys

question 241

Multiple Choice

Economists who approve of exporting pollution to or importing kidneys from poor countries emphasize ______ over ______.

• A) gains from trade; ethical intuitions
• B) ethical intuitions; gains from trade
• C) justice; fairness
• D) equity; efficiency

Differentiate between elastic, inelastic, and unit-elastic demand.

Analyze the impact of price changes on quantity demanded and total revenue.

Recognize the significance of the availability of substitutes on the elasticity of demand.

Interpret demand curves and the elasticity at various points.

---

Definitions:

Estimated Life Span

The expected duration of time that an organism, object, or system is projected to remain functional or alive.

Inflation

A condition characterized by a continuing rise in prices.