Efficiency
A)and equality both refer to how much a society can produce with its resources.
B)and equality both refer to how fairly the benefits from using resources are distributed between members of a society.
C)refers to how much a society can produce with its resources.Equality refers to how evenly the benefits from using resources are distributed among members of society.
D)refers to how evenly the benefits from using resources are distributed between members of society.Equality refers to how much a society can produce with its resources.

Question

Quizplus · Accepted Answer

Efficiency in economics refers to the optimal production and allocation of resources to maximize output. Equality, on the other hand, concerns how evenly or fairly the benefits and resources are distributed among members of a society.