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 followed.
D) may not bring about the best outcome for society.

Question

Quizplus · Accepted Answer

While maximizing efficiency is an important goal for economists, it is not always the best approach. Other goals, such as promoting equity or ensuring environmental sustainability, may also be important and may conflict with efforts to maximize efficiency. Ultimately, economists must weigh these different goals and consider the trade-offs between them to arrive at the best outcome for society.

Economists Assume Maximizing Efficiency Over Other Goals