The issue of fairness versus efficiency arises
A)only in a command economy.
B)only in a market economy.
C)in neither a command nor a market economy.
D)in both a command and a market economy.

Question

Quizplus · Accepted Answer

The issue of fairness versus efficiency arises in both a command economy (where the government makes all economic decisions) and a market economy (where individuals and firms make their own economic decisions). In a command economy, the government may prioritize equality and income redistribution over economic efficiency, while in a market economy, pursuit of profit and efficiency may lead to income inequality and potentially unfair outcomes for some members of society.

The Issue of Fairness Versus Efficiency Arises