A firm's agents are its

Which of the following comparisons of efficiency and equity is correct?

a) Efficiency deals with the size of the economic pie and equity deals with how fairly the pie is sliced. b) Equity can be judged on positive grounds, whereas efficiency requires normative judgments. c) Efficiency is more difficult to evaluate than equity. d) Equity and efficiency are both maximized in a society when total surplus is maximized.

Health insurance plans which typically reimburse doctors mainly by paying a flat fee per patient are known as

A) fee-for-service plans. B) single-health-payer systems. C) preferred provider organizations. D) health maintenance organizations.