Land Used to Grow Corn Could Also Be Used to Grow

question 160

Multiple Choice

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.

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Definitions:

Gender Stereotyping

The practice of ascribing to an individual or group specific attributes, characteristics, or roles by reason only of their gender.

Impression Management

The process by which individuals attempt to control or influence the perceptions of others about themselves.

Organization

A collection of people working together to achieve a common purpose.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing, often leading to prejudgment.