Use the Following Information to Answer the Questions:
Suppose Kim

question 59

Multiple Choice

Use the following information to answer the Questions:
Suppose Kim and Chris want to take turns, using the bottom-up strategy, to allocate several textbooks currently held jointly. Their ranked preferences are listed below: $$\begin{array} { | l | l | l | l | l | l | l | } \hline & 1 ^ { \text {st } } & 2 ^ { \text {nd } } & 3 ^ { \text {nd } } & 4 ^ { \text {th } } & 5 ^ { \text {th } } & 6 ^ { \text {th } } \\\hline \text { Chris } & \text { botany } & \text { sociology } & \text { physiology } & \text { biology } & \text { ecology } & \text { chemistry } \\\hline \text { Kim } & \text { biology } & \text { chemistry } & \text { botany } & \text { sociology } & \text { ecology } & \text { physiology } \\\hline\end{array}$$
-If Kim chooses first, when is the ecology book chosen?

• A) It is Chris's second choice.
• B) It is Chris's third choice.
• C) It is Kim's second choice.
• D) It is Kim's third choice.

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Definitions:

Marginal Analysis

Evaluation of the extra benefits derived from an activity versus the extra costs it incurs.

Family Business

A commercial organization in which decision-making is influenced by multiple generations of a family.

Trade Embargo

A government-imposed ban on trade with a specified country or the exchange of specific goods, often used as a political sanction.

Gasoline Falls

Presumed to refer to a reduction in gasoline prices, though not a standard economic term.