Respuesta :
When the government do redistribution they use Prof. Mankiw's 10 Principles of economy, which explained how an economy work in a manner that help to optimize goals with the help of 10 Principles of economy.
The following are the 10 Principles of economy that government uses while redistribution:
1. People face trade-offs
2. The cost of something is what you give up to get it
3. Rational people think at the margin
4. People respond to incentives
5. Trade can make everyone better off
6. Markets are usually a good way to organize economic activity
7. Governments can sometimes improve market outcomes
8. A country's standard of living depends on its ability to produce goods and services
9. Prices rise when the government prints too much money
10. Society faces a short-run tradeoff between Inflation and unemployment.
Learn more about government's redistribution here:
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