The best way to achieve income equality and efficiency is to regulate prices so that everyone can afford what they need.

Question

Quizplus · Accepted Answer

Regulating prices can lead to market distortions and inefficiencies. In addition, income equality cannot be achieved solely through price regulation as it does not address the root causes of income inequality such as disparities in education, access to opportunities, and social safety nets. Other policy tools such as progressive taxation, minimum wage laws, and targeted social programs may be more effective in achieving income equality.

The Best Way to Achieve Income Equality and Efficiency Is