Use the Following Information to Answer the Questions

question 23

Multiple Choice

Use the following information to answer the Questions:
Tom and Huck need to paint a fence and agree to use a modification of the divide-and-choose procedure to make a fair division of the chore. The boys' views of the fence are shown below. (Remember, each boy wants to end up with the smallest possible amount to paint.)
-If Tom divides and Huck chooses, how many units of fence will Huck think each boy is painting?

• A) Tom paints 11 and Huck paints 11.
• B) Tom paints six and Huck paints 16.
• C) Tom paints 16 and Huck paints six.
• D) Tom paints 12 and Huck paints 10.

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Definitions:

Earned Income Tax Credit

A refundable tax credit for low- to moderate-income working individuals and families, designed to encourage and reward work.

Negative Income Tax

A tax system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes.

Government Intervention

Actions taken by government to influence or regulate economic activity, often to correct market failures and promote welfare.

Negative Income Tax

A system of income support that provides individuals with an income guarantee. If an individual's earnings fall below a certain level, they receive supplemental pay from the government rather than paying taxes.