Suppose the Market for Kidneys Is Depicted in the Graph

question 111

Multiple Choice

Suppose the market for kidneys is depicted in the graph shown. If the government allows the buying and selling of kidneys, _____ kidneys will be sold at a price of _____ per kidneys.

• A)900; $0
• B)2,000; $1,200
• C)900; $1,500
• D)0; $0

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Definitions:

Self-serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.

Low Productivity

Reduced effectiveness in producing goods or services, often measured by output per labor hour.

Laziness

A lack of willingness or motivation to work or exert effort; often perceived as a negative trait resulting in reduced productivity.

Internal Causes

Factors within a person or organization that influence outcomes, such as attitudes, motivations, or knowledge.