Which of the Following Is Correct

question 21

Multiple Choice

Which of the following is correct?

• A)Efficiency deals with the size of the economic pie,and equality deals with how fairly the pie is sliced.
• B)Equality can be judged on positive grounds whereas efficiency requires normative judgments.
• C)Efficiency is more difficult to evaluate than equality.
• D)Equality and efficiency are both maximized in a society when total surplus is maximized.

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Definitions:

Panic Button Effect

A situation or response mechanism designed to offer an immediate means of help or action in emergency situations.

Automatic Thoughts

Refers to the spontaneous, quick thoughts that occur in response to a situation, often without being consciously aware of them, influencing emotions and behaviors.

Stressful

Referring to situations or conditions that cause significant anxiety, tension, or strain on an individual's mental or physical health.

Realistic Thinking

An approach to thought that considers facts and the actual state of affairs rather than what might be wished or feared.