Expert answer:GB540 INTERLINK University Free Market And Ethnica

  

Solved by verified expert:In this Assignment, you will write a research paper 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.
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Unit 1 [GB540: Economics for Global Decision Makers]
Assignment: Free Market and Ethical Issues
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 issues
such as pollutions. For an additional example for a social problem, where supply and demand is not
allowed to freely function, conduct basic research on markets for human organs. 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:
GB540-1: Evaluate ethical issues in economics.
Directions
Your research should be 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.
Explain four roles of the government in maintaining ethical business practices.
Criteria
● Your Assignment should have a cover sheet with the following information: Title of the paper,
Your Name, Course Number and Section Number, and Date
● It must be a minimum of 5-pages long (excluding title page, references, etc.)
● Be sure to include the criteria located in the rubric below within your paper.
● It must be APA formatted with citations to your sources and your last page should list all
references used. Review the APA formats found in the Writing Center.
● You must use a variety of three objective, high quality, and current sources. Peer reviewed
articles, articles published in journals, textbooks, and library resources found in the Library are
examples of high quality resources.
● Note that Wikipedia, Investopedia, etc. are not considered as reliable resources for this
research.
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Unit 1 [GB540: Economics for Global Decision Makers]
Directions for Submitting
Submit your Assignment to the Unit 1 Assignment Dropbox by the end of Unit 1.
GB540 Unit 1 Assignment: Free Market and Ethical Issues
Content and Analysis
Introduction and conclusion.
Identified a specific social problem where free markets are not
allowed to function.
Described how free market features could be used to help alleviate
the social problem.
Discussed the risks of introducing market mechanisms where
ethical issues are present.
Discussed four rules and regulations of the government on ethical
business practices.
5-pages in length and at least three reliable references.
Writing style, grammar, APA formatting (references, cover page,
etc.)
Total
Points
Possible
20
Points
Earned
10
25
25
20
10
15
125
2 of 2

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