The Terms Equality and Efficiency Are Similar in That They

question 157

Multiple Choice

The terms equality and efficiency are similar in that they both refer to benefits to society. However, they are different in that

• A)equality refers to uniform distribution of those benefits and efficiency refers to maximizing benefits from scarce resources.
• B)equality refers to maximizing benefits from scarce resources and efficiency refers to uniform distribution of those benefits.
• C)equality refers to everyone facing identical tradeoffs and efficiency refers to the opportunity cost of the benefits.
• D)equality refers to the opportunity cost of the benefits and efficiency refers to everyone facing identical tradeoffs.

---

Definitions:

Private

Pertaining to or concerning individuals or organizations not affiliated with or controlled by the government or public sectors.

3PL Distribution

The use of third-party logistics providers to outsource elements of a company's distribution, warehousing, and fulfillment services.

Specialty Items

Products or goods that are distinctive due to their unique qualities, often catering to a niche market.

Distribution Center

A warehouse or large facility used for storing goods before they are distributed to retailers, wholesalers, or directly to consumers.