In Terms of the Competing Claims of Equality and Efficiency

question 246

Multiple Choice

In terms of the competing claims of equality and efficiency, in the United States we have

• A)chosen greater wage inequality for lower unemployment.
• B)chosen higher unemployment for less wage inequality.
• C)both greater wage inequality and higher unemployment.
• D)not faced a trade-off between wage inequality and unemployment.
• E)been able to choose both less wage inequality and lower unemployment.

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Definitions:

Employer Contributions

Payments made by an employer on behalf of their employees, typically into pension plans or health insurance.

Voluntary Benefit

Optional, employee-paid benefits offered by employers, allowing employees to tailor benefits packages to their needs.

Child Care Allowance

Financial support provided by an employer or government to help offset the costs of child care for employees or citizens.

Pensions and Savings Plans

Retirement benefit plans sponsored by employers to provide employees with financial security in their retirement years.