Robinson Crusoe Divides His Time Between Catching Fish and Gathering

question 191

Multiple Choice

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 20 pounds of fish.
• C) be able to enjoy a gain of 9 pounds of fruit.
• D) incur an opportunity cost of 99 pounds of fruit.
• E) incur an opportunity cost of 9 pounds of fish.

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Definitions:

Grievance

A formal complaint by an employee or a group of employees, usually against an employer, regarding workplace issues or disputes.

Arbitration

Conflict resolution procedure in which an arbitrator or arbitration board determines a binding settlement.

Right-to-Work Laws

Legislation that ensures that joining a union is not a condition of employment, allowing employees the choice to join or refrain from joining a union.

Terminate Employment

The process of formally ending the employment relationship between an employer and an employee.