Analyze costs and benefits from perspectives of efficiency


Problem

Suppose that the state withdraws from the social security business, requiring people to privately invest a portion of their income, and provides welfare assistance for those falling through the cracks. Analyze the costs and benefits from the perspectives of efficiency and social welfare.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Analyze costs and benefits from perspectives of efficiency
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