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 .