In the study of economics,the goals of efficiency and equity are often:
A) compatible.
B) conflicting with one another.
C) objectively definable.
D) given equal emphasis.

Question

Quizplus · Accepted Answer

Efficiency and equity are often conflicting goals in economics because achieving one goal may come at the expense of the other. For example, policies that promote efficiency may lead to increased inequality, while policies that promote equity may lead to decreased efficiency.

In the Study of Economics,the Goals of Efficiency and Equity