Which of the Following Is an Example of an Efficiency-Equity

question 25

Multiple Choice

Which of the following is an example of an efficiency-equity trade-off faced by economic agents?

• A)Provincial health programs are not cost effective.Instead of focusing on universal access to the health care system, money should be spent on programs that prevent disease first and treating disease second.
• B)Concerned about the falling birth rate, the French government has pledged more money for families with three children, in an effort to encourage working women to have more babies.
• C)Some Canadian universities are actively recruiting foreign students for their technology-based programs.
• D)Municipal sports programs must charge all participants the same price, even when participants don't live in the municipality.

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Definitions:

Base Level

The initial or starting point used for comparison or measurement purposes in various contexts.

Total Costs

The sum of all expenses incurred by a business or individual in producing goods or services, including fixed, variable, and semi-variable costs.

Quantity Of Output

The total amount of goods or services produced by a company or sector.

Production Expenses

Costs directly incurred in the manufacturing of products or delivery of services.