According to the authors of your text, whatever distribution of income society chooses, an ________ allocation of resources is preferred to an _______ one.
A) inefficient; efficient
B) efficient; equitable
C) equitable; efficient
D) efficient; inefficient

Question

Quizplus · Accepted Answer

An efficient allocation of resources is preferred because it means resources are used in a way that maximizes the overall benefit to society, as opposed to an inefficient allocation which wastes resources and does not maximize societal benefit.

According to the Authors of Your Text, Whatever Distribution of Income