The production possibilities frontier illustrates
A) the maximum amount of inputs used to produce a particular output.
B) the minimum amount of inputs used to produce a particular output.
C) the maximum combination of two goods that can be produced with a given set of resources.
D) the minimum combination of two goods that can be produced with a given set of resources.
E) none of the above.
C
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Discuss the consensus on the adjustment process after the crisis
What will be an ideal response?
Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act. b. large size alone can be an antitrust violation. c. the action will pass antitrust scrutiny if it is shown to be reasonable. d. the only real question is whether the prices charged are reasonable. e. the courts have ruled antitrust laws unconstitutional