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Kaplan Gb540 Unit 1 assignment




Question;Assignment for;Unit 1;Assignment Directions: All problems below are to be completed and;submitted to the Unit 1 Dropbox by the end of Unit 1.;Markets are mechanisms for;coordinating the set of connections of production operations that are;distributed throughout the whole economic system. Thus, the market is the;predominant and determining link between producers of goods and services and;consumers. Accordingly, markets, as an exchange of goods and services that;takes place as a result of buyers and sellers interactions, are generally;considered the most efficient allocator of resources in the market economy.;However, free markets are not;allowed to solve some of the social problems in a society due to various;reasons. One such social problem is illegal drugs. Another example is;environmental such as pollutions. For an additional example for a social;problem, where supply and demand is not allowed 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.;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 or 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.;Your answer should be;approximately 5 pages long and should be formatted in APA style. Cite at least;three references for the paper.;Rubric for Unit 1 Assignment;Paper;Introduction and;conclusion 10;Identify a;specific social problem where free markets are not allowed to function. 5;Describe how;free market features could be used to help alleviate the social problem. 15;Discuss the;risks of introducing market mechanisms where ethical issues are present. 15;5 pages in;length and at least three reliable references. 5;Spelling;Grammar, APA Format;Writing style;grammar, APA format (references, cover page, etc.) 10;Total 60


Paper#53165 | Written in 18-Jul-2015

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