The Idea of the "Big Tradeoff" Points Out the Costs

question 52

Multiple Choice

The idea of the "big tradeoff" points out the costs of

• A) using a results approach to fairness when the rules approach is correct.
• B) transferring income using taxes that decrease efficiency.
• C) price hikes during natural disasters.
• D) using a rules approach to fairness when the results approach is correct.
• E) None of the above answers is correct.

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Definitions:

Politics

The activities, actions, and policies used to gain and hold power in government or to influence government.

Economics

A social science focused on the production, distribution, and consumption of goods and services, and the analysis of the choices made by individuals and groups.

Homogenization

The process of making things uniform or similar by blending or removing differences.

Reality TV Shows

Television programs that feature non-actors in real-life or staged situations, intended for entertainment rather than informational content.