Asked by Kendrick Brown Jr. on May 11, 2024
Verified
The debate over income distribution focuses on the trade-off between
A) unemployment and economic freedom.
B) equality and economic freedom.
C) economic efficiency and equality.
D) unemployment and economic growth.
Equality-Efficiency Trade-Off
The compromise between ensuring an equitable distribution of resources and reaching the highest level of economic efficiency.
Economic Efficiency
A measure of how well resources are allocated to maximize the production of goods and services.
Income Distribution
The way in which total income is divided among the population or different groups within society.
- Comprehend the compromise between optimizing economic performance and achieving income equity.
Verified Answer
QN
Quân Nguy?nMay 16, 2024
Final Answer :
C
Explanation :
The debate over income distribution often centers on finding a balance between economic efficiency and equality. This involves discussions on how to ensure a fair distribution of wealth without significantly hampering the efficiency of the economy.
Learning Objectives
- Comprehend the compromise between optimizing economic performance and achieving income equity.