The Problem with Kidney Sales and Exporting Pollution to Poor

question 103

Multiple Choice

The problem with kidney sales and exporting pollution to poor countries is not trade, per se, but the:

• A) demand and supply making the trade happen.
• B) poverty and inequality making the trade happen.
• C) surplus and shortage making the trade happen.
• D) market making the trade happen.

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Definitions:

Government Tax

A compulsory financial charge imposed by a government on individuals, businesses, or goods to fund public services and infrastructure.

Supply

A schedule or curve that shows the various amounts of a product that producers are willing and able to make available for sale at each of a series of possible prices during a specified period of time.

Allocative Efficiency

A scenario in resource distribution where improving the situation of any single person is achievable only at the expense of another's wellbeing.

Productive Efficiency

A situation where goods or services are produced at the lowest possible cost, utilizing resources in the best way possible without waste.