Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie. a. True b. False

TRUE

Explanation:

As more efficiency will represent a better use of the factor to produce more goods and services at more efficiency the output will be higher.

While equality goes for a fair division between families of the output thus, affecting how the output is divided.

There is a theoretical trade-off between these two. As efficiency requires that the factors are distribute in order to maximize output but if we divide the output for another criteria (equality) we are moving factor to a lesser eficient place thus, reducing the output and affecting equality as well because the economy doesn't produce as much as before.