Pete and Pamela Palmer's Survival Quiz (Econ)

Who discovered the concept of comparative advantage?

• Adam Smith

• John Maynard Keynes

• David Ricardo

• Milton Friedman

What was the situation of Pete and Pamela Palmer after their sailboat capsized?

• They were rescued by a passing ship.

• They managed to sail back to the marina.

• They were stranded on an island with no sign of human habitation.

• They found a populated village on the island.

What did Pete and Pamela Palmer use to carry fresh water from the spring to their camp?

• Buckets

• Coconut shells

• Bottles

• Leaves

How many fish could Pete and Pamela Palmer catch in a day while fishing?

• Five

• Ten

• Two

• Eight

What was the main problem the Palmers faced when they tried to fish together?

• They could not find any fish.

• They got into arguments while fishing.

• The lack of water led to dehydration and dizziness.

• The fish they caught were too small.

What did the Fishers do better than the Palmers?

• They were better at making coconut shell canteens.

• They could carry more water without spilling any.

• They were taller and bigger.

• They were on their honeymoon.

What did the Palmers lack that the Fishers had, which allowed the Fishers to start an herb garden?

• Extra coconut shells of water.

• A sharpened stick for fishing.

• A water hole.

• A better fishing technique.

Why did Pam and Pete decide that plunder would not work for them?

• They did not want to hurt anyone.

• The Fishers were bigger and stronger.

• They believed in fair trade.

• They had no weapons.

According to Pam's economics professor, what was the main way to get ahead before the birth of capitalism?

• Trade

• Investment

• Plunder

• Charity

What does "properly measured" economic pie refer to, according to Pam's teacher?

• The total amount of economic activity

• The economic activities that make you happy or give satisfaction

• The economic activities that involve violence

• The economic activities that increase the size of the pie