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All societies face a trade-off between equality and efficiency. If the United States government lowers the income taxes on the wealthiest Americans, while decreasing welfare payments to the poorest Americans, the result will likely be____________.

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Answer: Increase in efficiency, decrease in equality

Explanation: Efficiency simply means putting resources or goods to maximum use or rather maximizing the output. However, with the scope of equality, which involves even distribution of resources within a group or society, this means that the wealthiest will gets to make sacrifices in other to assist the poorest, The scope discussed in the scenario above will drive the society's efficiency, as the society will get the most out of the available resources, however, the poor are hard hit as it decreases their living standard and sustenance. Efficiency is increased with decrease in tax for the wealthy and reduced welfare package services for the poor, however, equality widens.

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