Economics alone cannot determine the best way to balance the goals of efficiency and equity.

Name: Economics alone cannot determine the best way to balance the goals of efficiency and equity.
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Question

Quizplus · Accepted Answer

Economics provides tools and frameworks to analyze and understand the trade-offs between efficiency and equity, but determining the "best" balance involves value judgments and societal priorities that go beyond purely economic considerations.

Economics Alone Cannot Determine the Best Way to Balance the Goals