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Author Question: Explain the difference between equality of opportunity and equality of results. Draw an analogy to a ... (Read 117 times)

itsmyluck

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on: Jul 1, 2018
Explain the difference between equality of opportunity and equality of results. Draw an analogy to a football game.
 
  What will be an ideal response?

Question 2

If an agent is risk averse and a principal is risk neutral, if the agent pays the principal a fixed fee
 
  A) all risk is eliminated.
  B) the risk neutral person bears all the risk while the risk averse person bears none.
  C) the risk averse person bears all the risk while the risk neutral person bears none.
  D) the principal and agent share risk equally.


meow1234

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Reply #1 on: Jul 1, 2018
Answer to Question 1

Equality of opportunity means that everyone has the same chance to pursue their own goals, while equality of results aims to give everyone the same outcome. In a football game, equality of opportunity would mean that the rules of the game are mutually agreed upon as fair, while equality of results would mean that the game would have to end tied.

Answer to Question 2

C


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