Suppose It Takes Jean Four Hours to Catch 10 Fish

question 70

True/False

Suppose it takes Jean four hours to catch 10 fish and one hour to collect one kilogram of mushrooms.It takes Lee four hours to catch 10 fish and 30 minutes to collect 1 kg of mushrooms.Lee should specialise in catching fish and Jean should specialise in collecting mushrooms.

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Definitions:

Capital Gains Tax

A tax on the profit realized from the sale of a non-inventory asset that was greater than the purchase price, typically stocks, bonds, precious metals, and property.

Junk Foods

Foods with low nutritional value, typically high in fats, sugars, salt, and calories.

Health Maintenance Organization

An organization that provides or arranges managed care for health insurance, self-funded healthcare benefit plans, individuals, and other entities, on a prepaid basis.

Preferred Provider Organization

A type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers; you pay less if you use providers that belong to the plan’s network.