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:

General Warranty Deed

A legal document transferring property ownership that guarantees the seller holds clear title and assumes responsibility for any title defects.

Restrictive Covenants

Legal agreements tied to a property that restrict the actions property owners can take, often used in employment contracts and real estate.

Neighborhood Conformity

The phenomenon where properties within a certain area tend to show uniformity in terms of appearance, value, and use due to similar societal or zoning pressures.

Square Foot Homes

A measure used to indicate the area of a residential property, typically used in real estate to describe the size of homes.