Critics claim that allocational efficiency is not society's only goal and that sometimes it must be sacrificed for other social concerns.

Question

Quizplus · Accepted Answer

While allocational efficiency is an important economic goal, there may be other social concerns, such as equity, social justice, or environmental sustainability, that need to be considered when making economic decisions. Therefore, allocational efficiency cannot always be the only goal.

Critics Claim That Allocational Efficiency Is Not Society's Only Goal