The notion of fair and equal treatment is always consistent with the value of trade and efficiency.

Question

Quizplus · Accepted Answer

Fair and equal treatment may sometimes lead to a less efficient outcome, as it may require extra resources or time to achieve. For example, providing reasonable accommodations for employees with disabilities may require additional resources, but it is necessary to ensure fairness and equal treatment. Similarly, trade policies that prioritize fair treatment for workers and protection of the environment may lead to inefficient outcomes in the short term, but they are important to ensure long-term sustainability and fairness. Therefore, fair and equal treatment may not always align with the value of trade and efficiency.

The Notion of Fair and Equal Treatment Is Always Consistent