All societies face a trade-off between equality and efficiency. If the United States government lowers the income taxes on the wealthiest Americans, while decreasing welfare payments to the poorest Americans, the result will likely be ( ...) in efficiency and ( ...) in equality in the United States.

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Lacey

10 June, 12:54

All societies face a trade-off between equality and efficiency. If the United States government lowers the income taxes on the wealthiest Americans, while decreasing welfare payments to the poorest Americans, the result will likely be ( ...) in efficiency and ( ...) in equality in the United States.

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Magdalena · Answer 1

Answer: Decrease in efficiency and decrease in equality in the united states.

Explanation: In economics the situation in which one thing cannot be improved without the other thing being hurt is called efficiency. Decreasing tax on wealthy and decreasing welfare payments will both result in decrease in efficiency in the economy as well as decreasing the equality as the wealthy will have more to save and consume and the poor ones living standard will decline further.