Question

When the government attempts to improve equality in an economy the result is often?

Answer 1

Answer:

a reduction in efficiency

Explanation:

         The term "economy" was coined from Greek, meaning 'the one manages a household.'  Economy primarily deals with the concept of scarcity. An item is considered as a scarce in the society when all in that society cannot posses or have all of that they want of the item.

         And efficiency means the society is getting most of it from the scarce item in the market. The government policies are designed to tradeoff between the equity and efficiency. The government always attempts to increase the equality and to decrease the efficiency in an economy.