Question
Which of the following statement is correct? A) An economically efficient market does not guarantee equity. B) Taxation cannot improve equity unless there are externalities.
Which of the following statement is correct?
A) An economically efficient market does not guarantee equity.
B) Taxation cannot improve equity unless there are externalities.
C) Whether a market is economically efficient is subjective, while whether a market reflects equity is objective.
D) All of the answers are correct.
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Mathematical Economics
Authors: Wade Hands, D Wade Hands
2nd Edition
0195133781, 9780195133783
