Using either a graph or table (use the one in question #10 on page 20 as a guide) use two goods to construct a production possibilities curve. Clearly explain what a variety of different points on the curve mean. What would make the curve expand or contract? Why is efficiency lost at the extremes, as when substantially more of one good and very little of another is produced?
Part A) Answer Web-based question #1 on page 44 of your text.
Part B) Describe what would happen if an outside agency determined the prices eBay could charge.
Read the? LAST word? feature on markets for human organs on Page 60 of your text. Next, select a social problem where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the problem. As part of your answer also include a discussion of the risks of introducing market mechanisms. Your answer should be approximately two pages long and in APA format.
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