Efficiency vs. Fairness a) A simplistic view of socialism is…
Efficiency vs. Fairness a) A simplistic view of socialism is that everyone gets the same amount (say bread, housing, shoes etc….) of humans’ basic needs. How is this simplistic view essentially unfair? b)What is an example of a government policy that puts people on an “equal footing” as others in fulfilment of basic needs. Is this policy a socialist one? Explain why or why not? c) Which aspects of our economy should be focused on fairness, rather than efficiency? Why do you say that? Guidance: define and use terms such as efficiency, socialism, GDP, GDP per capita, incentive & competition, equality of opportunity and equality of outcomes in your answer. You will want to answer each part in, at minimum 2 paragraphs