Examlex
Robinson Crusoe is stranded on an island.He finds that coconuts are freely available (zero harvest cost) ,but fish are difficult to harvest and require a lot of energy.As a result,harvesting fish has a high price.If coconuts and fish are imperfect substitutes,what is Robinson Crusoe likely to consume?
Water Reserves
Stored or available water in natural or artificial reservoirs that can be used for various purposes.
Reciprocity Norm
The reciprocity norm is a social norm that expects individuals to respond to each other in kind, returning benefits for benefits received.
Favor
An act of kindness beyond what is usual or expected, often involving giving someone an advantage or showing support.
Past
The period of time or a segment of history that has already occurred, distinguished from the present and future.
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