Rank-Order the Following Three Gifts in Terms of Potentially Providing

question 14

Multiple Choice

Rank-order the following three gifts in terms of potentially providing the highest utility to the lowest: ; 2) A gift card to a video game store; 3) Cash.

• A)1, 2, 3
• B)2, 3, 1
• C)3, 2, 1
• D)1, 3, 2

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Definitions:

Duress

a situation where a person is compelled to act against their will or make a contract under pressure or threats, rendering the agreement potentially voidable.

Legal Consent

Agreement given based on a clear understanding of the facts and implications, recognized as valid by law.

Threat

An expression of an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Fraud

A wrongful or criminal deception intended to result in financial or personal gain.