If a society only cares about efficiency and not equity, then
A) all points on the contract curve yield the same level of social welfare.
B) it will not rely on competitive markets to allocate goods.
C) it will maximize the utility of its worst-off member.
D) an equitable outcome is impossible.
A
Economics
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Policies that redistribute income
a. reduce the rewards of high-income earners. b. raise the rewards of low-income earners. c. reduce the incentive to earn high income. d. All of the above are correct.
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