The Distinction Between Efficiency and Equality Can Be Described as Follows

question 148

Multiple Choice

The distinction between efficiency and equality can be described as follows:

• A)Efficiency refers to maximizing the number of trades among buyers and sellers; equality refers to maximizing the gains from trade among buyers and sellers.
• B)Efficiency refers to minimizing the price paid by buyers; equality refers to maximizing the gains from trade among buyers and sellers.
• C)Efficiency refers to maximizing the size of the pie; equality refers to producing a pie of a given size at the least possible cost.
• D)Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.

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Definitions:

Safety

The state of being safeguarded against or not susceptible to harm, danger, or damage.

Culturally Linguistically Diverse

Pertains to groups or individuals from varied cultural backgrounds and with different language proficiencies, highlighting the richness and complexity of a multicultural society.

At-risk

used to describe individuals or groups facing higher probabilities of negative outcomes, such as failure in school or involvement in criminal activities, due to various risk factors.

Disengaged

Family members withdraw from one another, become distant.