The opportunity cost of an action is: a. the value of the best ...

[B]

The opportunity cost of an action is:
 a. the value of the best foregone alternative.
 b. the difference between the benefits that result and the expenses incurred as a result of the action.
  c. the same as the expected benefit of the action.
 d. the same for everyone who undertakes the action.

Question 2

The main difference between GDP and GNP is that GNP excludes:
 a. net income of foreigners.
 b. consumption of fixed capital.
  c. transfer payments.
 d. government purchases.

[chinwesucks]

Answer to Question 1

a

Answer to Question 2

a