outcomesopportunityeserved or earnedAnswer BankLeave his money to the child whom he thinks deserves more moneyLeave his money to charity insteadLeave Terry his entire wealth to offset the gap between him and his sisterTell his kids he will leave the money to whoever does the most to take care of him in his old ageSplit his wealth evenly between Terry and Tonya Inequality, Social Insurance, and RedistributionEnd of Chapter ProblemImagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children.His daughter, Tonya, is a chemical engineer who earns a high income. His son, Terry, opted out of college and went to workstraight out of high school. Now Terry works in construction; he works just as hard as Tanya, but he is less affluent than sheis.Classify each example of possible ways David could divide his assets based on fairness and distribution as illustrated in thechapter.Fairness of equalFairness of equalFairness of processFairness of what isoutcomesopportunityeserved or earned

As per answering guidelines, answering the first question.

Answered: outcomes opportunity eserved or earned

Business

Economics

outcomes opportunity eserved or earned

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

outcomes
opportunity
eserved or earned
Answer Bank
Leave his money to the child whom he thinks deserves more money
Leave his money to charity instead
Leave Terry his entire wealth to offset the gap between him and his sister
Tell his kids he will leave the money to whoever does the most to take care of him in his old age
Split his wealth evenly between Terry and Tonya

Inequality, Social Insurance, and Redistribution
End of Chapter Problem
Imagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children.
His daughter, Tonya, is a chemical engineer who earns a high income. His son, Terry, opted out of college and went to work
straight out of high school. Now Terry works in construction; he works just as hard as Tanya, but he is less affluent than she
is.
Classify each example of possible ways David could divide his assets based on fairness and distribution as illustrated in the
chapter.
Fairness of equal
Fairness of equal
Fairness of process
Fairness of what is
outcomes
opportunity
eserved or earned

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