please answer the following questions

Section 5 introduces policy tools to help reduce income inequality and goes into detail regarding a tradeoff between efficiency and equality. For this discussion, your task is to:

1. Identify and explain a benefit of enacting policy (or lack of policy) that promotes efficiency in an economy.
2. Identify and explain a benefit of enacting policy that promotes economic equality in an economy.
3. In response to two of your peers, describe a potential drawback of:
   1. A policy focused purely on efficiency
   2. A policy focused purely on equality

thank you