Author Question: Robinson Crusoe divides his time between catching fish and gathering fruit. Part of his production ... (Read 135 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?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

For a complete list of videos, visit our video library