When weighing policy choices,economic analysis stresses
A) equity.
B) the size of total economic surplus.
C) both equity and the size of total economic surplus.
D) the maximum amount of government involvement.
E) the minimum amount of government involvement.

Question

Quizplus · Accepted Answer

Economic analysis considers both equity and the size of total economic surplus when weighing policy choices. This means that policymakers must strive to make policies that are both fair and economically efficient. A policy that only considers one aspect may not be optimal for society as a whole. Therefore, the best choice is option C.

When Weighing Policy Choices,economic Analysis Stresses