Efficiency and equity:
A) can never be achieved at the same time because increasing equity necessarily reduces efficiency.
B) can always be achieved at the same time because increasing efficiency automatically increases equity.
C) are separate goals that can be pursued independently.
D) none of the above.

Question

Quizplus · Accepted Answer

Efficiency and equity are distinct concepts in economics and public policy, and they can indeed be pursued independently. Efficiency refers to how well resources are used to produce goods and services, while equity concerns the fairness or justice of the distribution of those goods and services. While trade-offs between efficiency and equity can occur, it's not inherently impossible to pursue both simultaneously, and strategies or policies can be designed to address one without necessarily harming the other.

Efficiency and Equity