Discuss each of the following statements from the standpoints of equity and efficiency. a. ‘All students should have free access to higher education’. b. ‘Businesses making workers redundant should be...

Discuss each of the following statements from the standpoints of equity and efficiency.

a. ‘All students should have free access to higher

education’.

b. ‘Businesses making workers redundant should be made

to provide at least six months’ pay as a redundancy payment to enable those affected time to find a new job’.

c. ‘Businesses should be made to pay more into workers’

pension schemes to ensure that people have a decent

standard of living when they retire’.