Sheila and Jim Live in an Island Where They Are

question 162

Multiple Choice

Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of berries each day, and Jim can either catch 8 fish or gather 24 pounds of berries each day. Both of them work 200 days per year. At current world prices 1 fish trades for 3.5 pounds of berries. If they open up to trade and the citizens of the island consumed 1,200 fish per year, how many pounds of berries can they consume every year?

• A)12,800 pounds
• B)9,400 pounds
• C)9,200 pounds
• D)8,000 pounds

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Definitions:

Higher Classes

Refers to social groups or categories that are distinguished by higher levels of wealth, education, or occupational prestige.

Economic Situations

The state of the economy at a given time, influenced by factors like inflation, unemployment, and GDP growth.

Disempowered Non-reactors

Individuals who lack power or influence and do not actively respond or react to situations or stimuli.

Middle-Class Household

A socioeconomic classification referring to households with an income level, lifestyle, and occupation that place them between the working class and the upper class.