Assuming farmers can plant either corn or soybeans, as U.S. farmers plant more corn to meet rising global demand

A) the opportunity cost of producing corn increases.
B) the opportunity cost of producing corn decreases.
C) the U.S. PPF for corn and other goods and services shifts outward.
D) the United States produces at a point beyond its PPF.

A

Economics

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Explain what is meant by "derived demand" as it relates to factors of production

Economics

The price index that measures the prices of goods and services purchased by firms is called the:

A. CPI. B. PPI. C. RPI. D. PRI.

Economics