If a Society Only Cares About Efficiency and Not Equity,then

question 98

Multiple Choice

If a society only cares about efficiency and not equity,then

• A) all points on the contract curve yield the same level of social welfare.
• B) it will not rely on competitive markets to allocate goods.
• C) it will maximize the utility of its worst-off member.
• D) an equitable outcome is impossible.

---

Definitions:

Bay Of Pigs

The site of a failed invasion of Cuba in 1961 by Cuban exiles with support from the US, aimed at overthrowing Fidel Castro's government.

CIA

The Central Intelligence Agency, a civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information.

Fulgencio Batista

A military officer and politician who served as the elected president and dictator of Cuba before being overthrown by the Cuban Revolution.

Complete Failure

A situation or attempt that utterly fails to meet its goal or objective, resulting in no successful outcome.