Which of the following statements expresses the justification for making efficiency the first goal of economic interaction?
A)Efficiency gives the poor an incentive to improve their economic status.
B)Since the consensus on what is a fair distribution of goods is impossible,efficiency is the next best goal.
C)People are not really concerned about the problems of the poor.
D)Efficiency maximizes total economic surplus and thereby allows other goals to be more fully achieved.

Question

Quizplus · Accepted Answer

While efficiency is not the only goal,it generates surplus from use of resources,allowing us to meet other goals.

Which of the Following Statements Expresses the Justification for Making