Mike and Andrew, a Gay Couple, Wants to Have a Child

question 13

Multiple Choice

Mike and Andrew, a gay couple, wants to have a child that is biologically related to one of them. What is their best option?

• A) Accept that they cannot have a biologically-related child and pursue international adoption
• B) Accept that they cannot have a biologically-related child and pursue adoption of a local foster child
• C) Work with an IVF specialist who can fuse their sperm and then implant the embryo into a surrogate
• D) Employ a surrogate mother who can be artificially inseminated with sperm from one or both of them
• E) Consider moving to Canada as they cannot legally hire a surrogate anywhere in the U.S

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Definitions:

Cross Elasticity Coefficient

A measure of how the quantity demanded of one good changes in response to a price change in another good.

Substitutability

The degree to which a product or service can be replaced with another as viewed by the consumer, affecting competition and market dynamics.

Minimum Wage

The lowest legal hourly rate that employers can pay workers, established to protect workers from unduly low compensation.

Inelastic Demand

A situation where the demand for a product or service does not significantly change in response to price changes.