to freely function, read the“ Last Word” feature on markets for human organs on Pages 68 – 69 of your
textbook. There are black markets( underground economy) for human organs in some countries. But
a trade in human organs, based on supply and demand, raises ethical issues and hence it indicates a
limitation of relying on markets to solve the social problems we have in the society.
Course outcome( s) practiced and assessed in this Assignment: GB540-3: Evaluate ethical issues in economics. Directions
You can write your research about social problems where the free markets are not allowed to
function, which includes the market for a particular illegal good and service, a regulated market, etc.
● Select a social problem where free markets are not allowed to function, and conduct research
on the social problem.
● Describe how free market features could be introduced to help alleviate the social problem
through free market operations of supply and demand.
● Discuss the risks of introducing market mechanisms of supply and demand in situations where
ethical issues are present.