If Japan uses a certain amount of resources to produced cars, then it cannot use these sames resources to produce corn. The foregone corn production as a result of this resource allocation is

The opportunity cost of producing cars

Explanation:

In business , every action and decision comes with opportunity cost as resources for production will always have alternative usage. Therefore , opportunity cost of a decision is defined as the alternative forgone in arriving at a chosen decision. That is , the related  benefits of an option sacrificed to produce another item.

Looking at the given scenario , Japan was confronted with using the   available resources to produce either cars or corns , but finally decided to produce cars at the expense of corn, With this decision , every benefit related to the production of corn has to be forgone for the production of cars, therefore, the  opportunity cost of the decision to produce cars is the forgone production of corn.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

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