Question: 1. Must there be some continued interaction between the two sides to carry out the sealed bids settlement? (a) Yes, to work out the sharing.

1. Must there be some continued interaction between the two sides to carry out the sealed bids settlement? (a) Yes, to work out the sharing. (b ) No 2. Can the sealed bids settlement leave one side with no use of any items? (a) Yes (b) No 3. Does each side get at least its expected fair share in a sealed bids settlement? (a) Yes, and often more. (b) Yes, and often each side gets more than 50 points. 4. How is equalizing accomplished in a sealed bids settlement? (a) Share use of one item. (b) Using cash. So, cash is power, and a side with little access to cash may get a smaller settlement. 5. Is there a limit on the sum of bids in a sealed bids settlement? (a) Yes, 100 points. (b) No 6. Is the sealed bids settlement always equitable? (a) Yes (b) No 7. Is the sealed bids settlement always envy-free? (a) Yes (b ) No 8. Is the sealed bids settlement always efficient? (a) Yes ( b ) No 9. Must there be some continued interaction between the two sides to carry out the adjusted winner settlement? (a) Yes, to work out the sharing. ( b ) No N10. Can the adjusted winner settlement leave one side with no use of any items? (a) Yes (b ) No 11. Does each side get at least its expected fair share in an adjusted winner settlement? (a) Yes, and often more. (b) Yes, and often each side gets more than 50 points. ceart to onoff (6) 12. How is equalizing accomplished in an adjusted winner settlement? (a) Using cash. So, cash is power, and a side with little access to cash may get a smaller settlement. (b) Share use of one item. 13. Is there a limit on the sum of bids in an adjusted winner settlement? (b) (a) Yes, 100 points la onold fol POT. (b) No Joh in the POT. All money put into 14. Is the adjusted winner settlement always equitable? 104 .[lose ellog S] OMIHOTAM (a) Yes ( b ) No 15. Is the adjusted winner settlement always envy-free? (a) Yes 90 of Isup hil no woll less sitt to mos oth feum Now .SS ( b ) No 16. Is the adjusted winner settlement always efficient? damn owed nougat mining (a) Yes etnlog ( b ) No 17. An estate consisting of a car, a boat, a house, and a collection of rare books must be divided fairly among five heirs. This type of problem is called to (a) A discrete fair division problem. q Terio ort nerit einlog O .onlining to ne (b) A mixed fair division problem. To rell (c) A continuous fair division problem. (d) The method of sealed bids. (e) None of these nedtellsme ed love count18. Which of the following is a discrete fair division problem? (a) Dividing a tropical island. (b) Dividing a cheese pizza. (c) Dividing an antique car collection. boregxe all (d) Dividing a gallon of ice cream. (e) None of these 19. Which of the following is a continuous fair division problem? (a ) Dividing a house plus all the furniture in it. (b) Dividing a cream pie. (c) Dividing an art collection. (d) Dividing the family jewels. (e) None of these MATCHING [2 points each]. For each question match exactly o with exactly one item from A - K by filling in the blank with the a 20. In a sealed bids settlement, what should a party expect if its fra 21. In a sealed bids settlement, what should a party expect if its fr

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