Gilligan´s Island - Who Will Do What
10 Questions
| Attempts: 119
Answer the questions in this quiz to check your understanding of the content in Gilligan´s island video.
Questions and Answers
- 1.The video shows that there is no reason for specialisation on the island.
- A.
True
- B.
False
- 2.On the island _______ works 2,000 hours.
- 3.__________ would agree that Skipper has Absolute advantage.
- 4.What is Skipper's opportunity cost if he produces only fish dinners?
- A.
One hut
- B.
Half of a hut
- C.
A third of a hut
- 5.What is Gilligan´s opportunity cost if he produces only huts?
- A.
One fish dinner
- B.
Two fish dinners
- C.
Three fish dinners
- 6.What would the production of the island be if they used specialisation as put forward by Adam Smith?
- A.
40 huts
- B.
90 huts
- C.
100 huts
- D.
120 fish dinners
- E.
220 fish dinners
- F.
240 fish dinners
- 7.There is no difference in island production using specialisation as put forward by David Ricardo.
- A.
True
- B.
False
- 8.What are some of the advantages of having specialisation according to Comparative advantage that the narrator implies in the talk?
- A.
More products would be produced by countries.
- B.
People would lose jobs through outsourcing.
- C.
Countries would develop and the standard of living would improve.
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