Which of the following is NOT one of the main concerns about putting a high priority on economic efficiency?
A) Demand reflects ability to pay and not solely marginal benefit.
B) Incentives for efficiency can reduce innovation.
C) Efficient results can be unfair.
D) Efficiency focuses on outcomes, but means also matter.
Correct Answer:
Verified
Q118: Competitive markets do NOT result in:
A)the largest
Q119: Which of the following is NOT a
Q120: When government policies lead to outcomes that
Q121: Which of the following is NOT a
Q122: Placing importance on achieving economic efficiency:
A)implies no
Q124: The economic term for "who gets what"
Q125: One problem with assuming that people's willingness
Q126: Measurement of economic efficiency is based on
Q127: Why are both positive analysis and normative
Q128: Why don't efficient outcomes make everyone happy?
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