Income redistribution a. may help some individuals, but does not increase social welfare. b. may increase social welfare and has no effect on efficiency. c. may increase social welfare as long as there is no reduction in efficiency. d. may increase social welfare and reduce efficiency.

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
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Chapter1: Ten Principles Of Economics
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Income redistribution

a. may help some individuals, but does not increase social welfare.

b. may increase social welfare and has no effect on efficiency.

c. may increase social welfare as long as there is no reduction in efficiency.

d. may increase social welfare and reduce efficiency.

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