Betty and Ann Live on a Desert Island

question 198

Multiple Choice

Betty and Ann live on a desert island. With a day's labor, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Betty's opportunity cost of producing 1 fish is ________, and she should specialize in the production of ________.

• A) 1/3 coconut per fish; fish
• B) 2/3 coconut per fish; coconuts
• C) 1 coconut per fish; fish
• D) 4 coconuts per fish; fish

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Definitions:

Social Psychology

The examination of individuals' cognitive, influencing, and interpersonal relationships within societal environments through a scientific lens.

Thoughts

Mental processes involving reasoning, reflection, or contemplation, often influencing behaviors and emotions.

Feelings

Emotional responses or states that arise in reaction to one's circumstances, perceptions, or interactions.

Anthropology

The study of human culture—the shared values, beliefs, and practices of a group of people