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Card 1 of 25

What does equity concern in an economy?

A

Equity concerns fairness in how income and opportunity are shared.

B

Efficiency concerns increasing the total quantity of goods and services produced.

C

Equality concerns giving every person exactly the same income and opportunities.

D

Economic growth concerns raising the price level and expanding the money supply.

Card 1 of 25

8.2.2 difference between equity and efficiency Flashcards

  1. Intl A Level
  2. /Economics
  3. /8.2.2 difference between equity and efficiency

25 flashcards on CIE Intl A Level Economics 8.2.2 difference between equity and efficiency: the key terms and definitions you need to recall.

Flashcards