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What are the tradeoffs an economy must make when confronting unequal income distribution? Select one: a....

What are the tradeoffs an economy must make when confronting unequal income distribution? Select one: a. Freedom v. Employment b. Equality v. Efficiency c. Equality v. Inequality d. Leisure v. Efficiency

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Answer #1

The correct answer is option B equality versus efficiency

While the criteria for equality suggest that there should be equal distribution of resources among the entire population, efficiency criteria suggest that the most efficient individual economic agents should receive more resources or income and the less efficient individuals should receive a lower income. The criteria for efficiency is indirect contrast with the criteria of equality because if a distribution is equal it cannot be efficient and vice versa.

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