Equity and efficiency _____.Thus,_____.
A)are always consistent with each other;trade-offs between the two are necessary
B)are never consistent with each other;trade-offs between the two are unnecessary
C)might be consistent in certain situations;trade-offs between the two might be necessary
D)might be consistent in certain situations,trade-offs between cannot be made

Question

Quizplus · Accepted Answer

Equity and efficiency might be consistent in certain situations, but trade-offs between the two might be necessary. This means that in some situations, it may be possible to achieve both equity and efficiency goals, but in other situations, trade-offs may need to be made. For example, implementing a highly progressive tax system may be more equitable, but it could also reduce incentives for work and entrepreneurship, leading to reduced economic efficiency. In contrast, promoting economic growth via lower taxes and regulations may increase efficiency, but it may also exacerbate income inequality. Therefore, policymakers need to carefully balance these goals to achieve the best outcomes for society as a whole.

Equity and Efficiency _____.Thus,_____

Equity and Efficiency _.Thus,_