Evaluating Consent in a High-Stakes Transaction
A person living in severe poverty has a rare genetic trait that makes their blood plasma highly valuable for medical research. A pharmaceutical company offers them a life-changing sum of money for a series of plasma donations over one year. The procedure is safe but uncomfortable and time-consuming, and the payment is far greater than any other income they could possibly earn. The person agrees to the arrangement. Some observers argue the agreement is exploitative because the individual's desperate financial situation compelled them to accept. Others argue that because the transaction is mutually beneficial and the person's life is significantly improved, the agreement is ethically sound. Critically evaluate the argument that 'mutual benefit and improved circumstances' are sufficient to consider this exchange fully voluntary and ethically permissible.
0
1
Tags
Social Science
Empirical Science
Science
Economy
CORE Econ
Economics
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
Cognitive Psychology
Psychology
Related
Evaluating Consent in Market Transactions
The Land Sale
A person living in extreme poverty with no other viable options for feeding their family accepts a job in a hazardous factory for wages far below the standard for such work. Which statement best analyzes the nature of this individual's consent to the agreement?
Voluntary Exchange or Desperate Measure?
The 'coercion from poverty' argument posits that as long as a market transaction improves an individual's desperate situation compared to their other available options, the exchange can be considered fully voluntary.
Match each scenario involving a market transaction with the most relevant ethical critique of the agreement's voluntariness.
Clinical Trial Compensation
A widespread famine forces many small-scale farmers into extreme poverty. A large agricultural corporation offers to buy their land for a price that, while low, is enough to prevent their families from starving. Critics argue that these sales are not truly voluntary. Which of the following proposed government interventions would most directly address the core ethical problem of compromised consent in these transactions?
Evaluating Consent in a High-Stakes Transaction
A pharmaceutical company offers a payment equivalent to a full year's local average salary for participation in a clinical trial for a new drug with known, significant side-effects. The trial is being conducted in a region with high unemployment and poverty. An ethicist argues that the high payment, relative to local incomes, could unduly influence potential participants, making their consent questionable. Which of the following statements provides the strongest evaluation of the ethicist's argument?