The big tradeoff is a tradeoff between
A) efficiency and fairness.
B) taxes and subsidies.
C) price ceilings and price floors.
D) consumer surplus and producer surplus.

Question

Quizplus · Accepted Answer

The big tradeoff refers to the balance between efficiency and fairness in economic policy and resource distribution. Efficiency focuses on maximizing productivity and economic output, while fairness concerns the equitable distribution of resources among the population.

The Big Tradeoff Is a Tradeoff Between