A Market to Buy and Sell Organs

question 102

Multiple Choice

A market to buy and sell organs:

• A) would generate consumer surplus, but could never generate producer surplus.
• B) has been banned by public policy because its creation would cause excessive deadweight loss.
• C) would create surplus for those who would interact in it if it existed.
• D) has not been created because it would redistribute surplus from producers to consumers.

---

Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an orderly transaction between willing participants.

Financial Assets

Any assets that are cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.

IFRS

International Financial Reporting Standards are a set of accounting rules and standards for financial statement preparation, recognized globally.

Noncontrolling Interest

A share in the equity of a subsidiary not held by the parent company, reflecting outside ownership's share of the subsidiaries' net assets.