Economists assume maximizing efficiency over other goals:
A)is a guiding principle of policy-making.
B)is always the best approach.
C)should never be done.
D)may not bring about the best outcome for society.

Question

Quizplus · Accepted Answer

Maximizing efficiency may not always lead to the best outcomes for society as it can overlook other important factors like equity, sustainability, and social welfare.

Economists Assume Maximizing Efficiency Over Other Goals