In economic policymaking, there is often a conflict between the goal of efficiency and the goal of equity.

Name: In economic policymaking, there is often a conflict between the goal of efficiency and the goal of equity.
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Question

Quizplus · Accepted Answer

Efficiency focuses on maximum output with minimum input while equity focuses on fairness and justice in the distribution of wealth and resources. Achieving one goal often comes at the cost of the other, creating a conflict between the two goals.

In Economic Policymaking, There Is Often a Conflict Between the Goal