UNIT 1
THE OPPORTUNITY COST OF A LIFETIME
INTRODUCTION In order to buy a movie, you need to give up a certain amount of gum and soda. If you buy ten pieces of gum, you give up going to the movie or buying soda. Decisions involve trade offs. When you make a choice, you give up an opportunity to do something else. The […]
RATIONING TRANSPLANTS: AN ETHICAL PROBLEM
INTRODUCTION Recently Walter Payton, former Chicago Bears running back, announced that he has a rare form of liver disease and is awaiting a transplant. How do hospitals in the United States determine who should receive a transplant and when? You will practice your decision making skills by developing various methods of rationing livers. You will […]