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Evaluating a Market for Civic Duties
A town is struggling to find enough citizens to serve on juries. A local economist proposes a solution: create a market where citizens who are summoned for jury duty can pay other eligible citizens to take their place. The economist argues that this is a voluntary exchange that benefits both parties—the person who wants to avoid service pays, and the person willing to serve earns money. Based on the idea that some goods and services should not be allocated by price, critique this proposal. What is the strongest argument against creating such a market, even if the transactions are voluntary?
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
Evaluation in Bloom's Taxonomy
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Evaluating a Market for Civic Duties
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Evaluating the Market for Personal Data