Equity and efficiency can be achieved simultaneously through competition
Indicate whether the statement is true or false
False. Equity involves value judgments and achieving it will usually result in lessened efficiency.
Economics
You might also like to view...
Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound and bananas cost $1 per pound. The marginal utility is 30 for the last pound of mangos purchased and 10 for the last pound of bananas
To maximize his utility, Robinson should buy A) more mangos and fewer bananas. B) more bananas and fewer mangos. C) the present combination of goods. D) only mangos.
Economics
"Full employment" is said to exist when the unemployment rate equals
A) zero. B) the cyclical unemployment rate. C) the structural unemployment rate. D) the natural unemployment rate.
Economics