Which of the following statements about economic efficiency is not true?
A)Economic efficiency is equivalent to Pareto optimality.
B)Economic efficiency can be determined normatively.
C)Economic efficiency is superior to equity.
D)Economic efficiency can be evaluated positively.

Question

Quizplus · Accepted Answer

Economic efficiency is not superior to equity. Both are important considerations in the allocation of resources and are often weighed against each other in policymaking. While economic efficiency represents the idea of producing the maximum amount of goods and services with the available resources, equity is concerned with the fair and just distribution of those goods and services among different groups in society.

Which of the Following Statements About Economic Efficiency Is Not