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- Lesson 04: "Robinson Crusoe"
- Explain why a person in Robinson
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Card 21 / 25: Explain why a person in Robinson Crusoe's position would want, on any given day, to harvest more coconuts than he or she planned on consuming that day.
Answer:
By producing more than he consumes, Crusoe can save coconuts over time. This stockpile of savings will help Crusoe if he gets sick or wants to take a day off in the future. It will also allow Crusoe to spend his work days making tools instead of collecting coconuts with his bare hands. Sample Partial Credit Answer This way Crusoe can save.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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