1. What distinguishes private insurance from social insurance? When should governments provide social insurance, and when should insurance be left to private markets? 2. Would the economic effects of a fully funded social insurance program differfrom those of a payasyougo system? Explain. 3. Explain how the Social Security system creates economic incentives for early retirement. Is this a positive or negative aspect of the OASDI program? Defend your answer 4. Should the federal government require individuals to have health insurance? Use economic reasoning to justify your