What is differences in individual or family circumstances


Problem

Smokers do not live as long as nonsmokers. This means that the expected present discounted value of social security benefits for smokers is much smaller than that for nonsmokers. Is this unfair? What differences in individual or family circumstances should the social security program recognize?

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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Microeconomics: What is differences in individual or family circumstances
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