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28 August, 08:27

Match each definition to its appropriate concept. definition efficiency equality when economic benefits are distributed uniformly across society when a society gets the most it can from its scarce resources all societies face a trade-off between equality and efficiency. if the united states government raises the income taxes on the wealthiest americans, while increasing welfare payments to the poorest americans, the result will likely be in efficiency and in equality in the united states.

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  1. 28 August, 09:07
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    Definition of appropriate concept:

    1) efficiency - when a society gets the most it can from its scarce resources.

    2) equality - when economic benefits are distributed uniformly across society.

    Efficiency is the size of the economic pie and equality is how the pie is divided into individual slices.
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