Author Question: Robinson Crusoe divides his time between catching fish and gathering fruit. Part of his production ... (Read 102 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
Robinson Crusoe divides his time between catching fish and gathering fruit. Part of his production possibilities frontier is given in the above table. Mr. Crusoe, while lonesome, is efficient and always stays on his PPF. Mr.
 
  Crusoe is consuming 20 pounds of fish. Then he decides to slowly become a vegetarian and decrease his consumption of fish to 9 pounds. This decision means that Mr. Crusoe will
  A) incur an opportunity cost of 9 pounds of fruit.
  B) incur an opportunity cost of 99 pounds of fruit.
  C) be able to enjoy a gain of 9 pounds of fruit.
  D) incur an opportunity cost of 20 pounds of fish.
  E) incur an opportunity cost of 9 pounds of fish.

Question 2

The following government policies will help achieve faster economic growth EXCEPT
 
  A) establishing and protecting property rights.
  B) improving the quality of education.
  C) discouraging saving and encouraging spending.
  D) encouraging research and development.
  E) increasing saving.



briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library