Which Comparison of Efficiency and Equity Is Most Accurate

question 206

Multiple Choice

Which comparison of efficiency and equity is most accurate

• A)Efficiency deals with the size of the economic pie and equity deals with how fairly the pie is sliced.
• B)Equity can be judged on positive grounds, whereas efficiency requires normative judgments.
• C)Efficiency is more difficult to evaluate than equity.
• D)Equity and efficiency are both maximized in a society when total surplus is maximized.

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