A Trade-Off Between Equity and Efficiency May Exist Because of All

question 180

Multiple Choice

A trade-off between equity and efficiency may exist because of all of the following EXCEPT that:

• A)allocating resources fairly may cause efficiency.
• B)an efficient allocation of resources may lead to an outcome that most people consider unfair.
• C)policies that promote equity often come at a cost of decreased efficiency.
• D)allocating resources fairly may cause inefficiency.

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Definitions:

Primarily Liable

A legal term describing the party who bears the main responsibility in the fulfillment of an obligation or the payment of a debt.

Artisan Lien

A legal right granted to craftsmen or laborers to retain possession of a client's property until payment is received for services rendered.

Entrusted

Pertains to the act of giving someone the responsibility to take care of something or to carry out a task or duty.

Subcontractor

An individual or business that signs a contract to perform part or all of the obligations of another's contract.