Scarcity affects only those who are in need

Land used to grow corn could also be used to grow soybeans. Which of the following is true when the farmer plants soybeans and the market price of corn rises?

a. The opportunity cost of producing soybeans decreases. b. The opportunity cost of producing soybeans increases. c. There will be no change in the opportunity cost of producing soybeans. d. The opportunity cost of producing corn increases.

The per capita real Gross Domestic Product (GDP) is the

A. real GDP divided by the population. B. rate of growth in real GDP times the population growth rate. C. rate of growth in real GDP plus the population growth rate. D. rate of growth in real GDP minus the population growth rate.