Which of the Following Is NOT True

question 114

Multiple Choice

Which of the following is NOT true?

• A) There are often tradeoffs between efficiency and equity.
• B) Both equity and efficiency are subjective concepts.
• C) There are often disagreements over what is an equitable distribution of income.
• D) Another term for equity is fairness.

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Definitions:

Cancer Drug

Medications specifically designed to treat cancer by inhibiting the growth of cancerous cells, often targeted to specific types of cancer.

Excise Tax

A duty imposed on specific products or activities by the government, typically with the aim of discouraging their use or raising revenue.

Shrimp Market

A sector of the economy related to the buying, selling, and distribution of shrimp, both wild-caught and farmed.

Total Tax Revenue

The total amount of money collected by a government from taxes.