The public assistance program that economists believe can promote economic equality at the least cost in economic efficiency is

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Economists believe that a negative income tax (NIT) is the public assistance program that can promote economic equality at the least cost in economic efficiency. This program works by providing financial assistance to low-income individuals and families through a negative tax rate. The more a household earns, the less assistance it receives. This is seen as a more efficient and equitable solution than traditional welfare programs like Aid to Families with Dependent Children (AFDC) which have been criticized for creating disincentives to work and perpetuating poverty. Food stamps and Medicaid are important programs in their own right, but they are not specifically designed to promote economic equality.

The Public Assistance Program That Economists Believe Can Promote Economic