Refer to Figure 2-8. What is the opportunity cost of one dozen orchids?

When the population increases with no change in labor productivity, employment ________ and potential GDP ________

A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases

When making a choice to do more of one activity, the highest-valued other choice society does not make is called _______ , and it is measured _______ .

A) opportunity cost; in terms of the money it costs B) increasing cost; in terms of the amount of money spent doing so C) constant cost; by the slope of the production possibilities curve at that level D) opportunity cost; by the slope of the production possibilities curve at that level