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From the perspective of principles that limit market activities, what is the fundamental reason that the buying and selling of human beings is prohibited?
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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
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From the perspective of principles that limit market activities, what is the fundamental reason that the buying and selling of human beings is prohibited?
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A society is debating a proposal to allow 'voluntary, fixed-term indentured servitude,' where adults could enter contracts to work for a creditor for a set number of years to clear a massive, otherwise unpayable debt. Proponents argue this is a free choice that benefits both parties. Which of the following statements presents the most fundamental objection to this practice, based on the principles that place moral limits on markets?