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How Does the Tradeoff Between Equity and Efficiency Play Out

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Essay

How does the tradeoff between equity and efficiency play out in policies dealing with poverty and income inequality?


Definitions:

Invisible Knapsack

A set of privileges and practices that white people carry around with them that largely protects them from everyday injustices.

Privileges

Special rights, advantages, or immunities granted or available only to a particular person or group of people.

Minorities

Groups of people differentiated from the social majority, based on characteristics such as ethnicity, race, religion, or sexual orientation.

Difference

A social construction used to classify human beings into separate, value-based categories.

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