Production Possibilities

What are the only animals available for hunting in the scenario?

• Rabbits

• Bears

• Squirrels

• Deer

What can the hunter gatherer gather in the scenario?

• Fish

• Mushrooms

• Nuts

• Berries

What does 'ceteris paribus' mean in the context of the scenario?

• All other things being equal

• Everything changes

• Nothing changes

• Only some things change

What does the production possibilities frontier represent in the scenario?

• Different combinations of rabbits and berries

• Different types of animals

• Different gathering tools

• Different hunting techniques

Which of the following points is impossible on the production possibilities frontier?

• 5 rabbits, 200 berries

• 2 rabbits, 240 berries

• 3 rabbits, 180 berries

• 1 rabbit, 200 berries

What does it mean if a point is inside the production possibilities frontier?

• It is not possible

• It is optimal

• It is impossible

• It is possible but not efficient

What does it mean if a point is on the production possibilities frontier?

• It is not possible

• It is impossible

• It is not optimal

• It is efficient

What does the curve on the production possibilities frontier show?

• All possible combinations of rabbits and berries

• Different gathering seasons

• Different types of berries

• Different hunting locations

What does the term 'Scenario B' represent in the context of the scenario?

• Spending all time getting rabbits

• Allocating more time to get rabbits and less time to get berries

• Allocating more time to get berries and less time to get rabbits

• Spending all time looking for berries

What is the main tradeoff that the hunter gatherer needs to consider in the scenario?

• How much time to spend hunting rabbits versus gathering berries

• How much time to spend cooking versus hunting

• How much time to spend sleeping versus hunting

• How much time to spend socializing versus gathering