1. One trade off society faces is between efficiency and equality. Define each term. If the U.S. government redistributes income from the rich to the poor, explain how this action affects equality as well as efficiency in the economy.2. Under what conditions might government intervention in a market economy improve the economy’s performance?You can submit homework before the deadline. After the deadline, there will be no credit.Assignment must be submitted under the ASSIGNMENT link.Deadline is Jan. 31st. You can submit assignment before the deadline.
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