A typical society strives to get the most it can from its scarce resources.At the same time,the society attempts to distribute the benefits of those resources to the members of the society in a fair manner.In other words,the society faces a tradeoff between
A)guns and butter.
B)efficiency and equality.
C)inflation and unemployment.
D)work and leisure.

Question

Quizplus · Accepted Answer

The statement mentions that the society wants to maximize its resources and distribute the benefits fairly. This represents a tradeoff between efficiency (getting the most from resources) and equality (fair distribution of benefits). Therefore, choice B, efficiency and equality, is the best choice. Choices A, C, and D do not directly relate to the given statement.

A Typical Society Strives to Get the Most It Can