Economists rank various methods of redistribution:
A)by their ability to minimize the adverse consequences in terms of efficiency.
B)according to their ethical content.
C)using the Pareto efficiency criterion.
D)according to their implicit degree of fairness.

Question

Quizplus · Accepted Answer

Minimizing adverse consequences in terms of efficiency is a key concern for economists when it comes to redistribution. This approach favors policies that achieve redistribution without causing significant economic inefficiencies or unintended negative consequences. Ethical considerations and fairness are important, but may be subjective and difficult to quantify. Pareto efficiency is a useful criterion for determining efficient outcomes, but may not always align with the goal of redistributing resources.

Economists Rank Various Methods of Redistribution