The balance between maximizing a society's income and an equal distribution of that income is an illustration of
A)scarcity.
B)trade-offs.
C)the forces of supply and demand.
D)none of the above.

Question

The balance between maximizing a society's income and an equal distribution of that income is an illustration of
A)​scarcity.
B)​trade-offs.
C)​the forces of supply and demand.
D)​none of the above.

Quizplus · Accepted Answer

The balance between maximizing a society's income and an equal distribution of that income requires making trade-offs. It is not possible to maximize income while also ensuring an equal distribution of that income without making choices and sacrifices. Therefore, the concept of trade-offs applies in this situation.

The Balance Between Maximizing a Society's Income and an Equal