A program or policy is efficient if
A) it provides a maximum of net benefits for society.
B) it distributes benefit equally among society's members.
C) it maximizes the net income to society.
D) all of the above.

Question

A program or policy is efficient if
A) it provides a maximum of net benefits for society. 
B) it distributes benefit equally among society's members. 
C) it maximizes the net income to society. 
D) all of the above.

Quizplus · Accepted Answer

Efficiency is about maximizing net benefits for society, which means that the benefits outweigh the costs. While distributing benefits equally and maximizing net income are important goals, they are not the defining characteristics of efficiency. Therefore, choice A is the best answer.

A Program or Policy Is Efficient If