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7) (Essay) What is the difference between efficiency and equity? Refer to our discussion about
kidney markets. Explain what would happen if we legalized the selling of kidneys. What are the
tradeoffs between efficiency and equity? Who would benefit? Who would lose? Do you agree that
we should legalize kidney markets? (Note this is a long essay question, I expect several
paragraphs to answer this.)

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  • 1. 7) (Essay) What is the difference between efficiency and equity? Refer to our discussion about kidney markets. Explain what would happen if we legalized the selling of kidneys. What are the tradeoffs between efficiency and equity? Who would benefit? Who would lose? Do you agree that we should legalize kidney markets? (Note this is a long essay question, I expect several paragraphs to answer this.)