A typical society strives to get the most it can from its scarce resources. At the...
A typical society strives to get the most it can from its scarce resources. At the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner. In other words, the society faces a tradeoff between
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Homework Answers
The society faces a trade-off between efficiency and equality. Because efficiency implies the distribution of scarce resources in an efficient manner and equality means the distribution in a fair manner .Hence, option(B) is correct.
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