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

Question

Quizplus · Accepted Answer

While maximizing efficiency is often a guiding principle of policy-making, economists recognize that it is not necessarily always the best approach. Other goals, such as equity or environmental sustainability, may also need to be considered. Therefore, economists do not assume that maximizing efficiency is always the best or only approach.

Economists Assume Maximizing Efficiency Over Other Goals