Reference no: EM133232243

Explain how society uses economic reasoning or analysis to distribute scarce items: human organs to those who need them to survive or live a quality human existence. a.) First, describe how a society uses normative economic analysis in making a decision as to whether or not to allow auctioning of human organs on the auction block of eBay ? In other words, explain how normative economic analysis applies in this situation. b.) Now, do the same using positive reasoning or positive economic analysis behind selling human organs on the auction block of eBay. In other words, explain how positive economic analysis applies in this situation. c.) Briefly explain which of the two approaches for allocation: i.) allocation of human organs based on market distribution (highest bidder/market-clearing price); or, ii.) government regulation based on need, regardless of ability-to-pay (leveling the playing field), appeals more to you and explain the reason it appeals more to you, using the terms equity and efficiency?