the market for babies

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1. Describe the difference between “positive” economics (what-is or what-if statements) and “normative” economics (what should statements).

1. Which type of proposition (positive or normative) do you think it would be easier to get a consensus on, and why?

1. [Positive analysis] As we all know, at present it is illegal for parents who want to adopt a child to pay the birth mother for, or to offer to pay for, the babies they adopt. (Adoption agencies do charge for their services, of course.) Use economic theory to analyze the (potential) market for adoptive babies and answer this: what would happen if such payments were allowed? (Draw yourself a supply-and-demand graph to help you think about this question.)

1. [Normative analysis] As we all also know, there are people who cannot have children who want to adopt, and there are pregnant women who for various reasons want to (or might be willing to) put their babies up for adoption. What do you think the government should do about the possibility of potential adoptive parents paying the birth mother directly for the babies they adopt – allow it, regulate it, or prohibit it? Give your reasons.

We have been offering dedicated medical and nursing writing services to nursing students for several years. Our nursing papers are meticulously crafted to meet the highest academic standards and adhere to the prescribed referencing formats, including APA, MLA, and Chicago style. Our team comprises seasoned nursing writers who possess extensive knowledge and expertise across a wide range of nursing topics. Whether it’s assignments, research papers, case studies, literature reviews, or any other task, our writers are well-equipped to handle them proficiently.

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