The Identification of the Issue

question 10

Multiple Choice

The identification of the issue:

• A)Is the first step of the legal analysis process
• B)Is the most important task that a researcher faces when engaging in legal analysis
• C)Determines the direction that the research will take
• D)May result in malpractice if it is misidentified
• E)All of the above
• F)Answers a,b,and c above
• G)Answers a and b above

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Definitions:

Production Possibility Frontier

A graph that shows all the highest possible production levels for two products, based on available resources and technological capabilities.

Increasing Opportunity Costs

The concept that the cost of forgoing the next best alternative increases as resources become more specialized in production.

Guns And Butter

A term used to describe a country's decision to allocate its resources between defense and civilian goods.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.