If Our Nation's Maximum Possible Output of Any One Good

question 205

Short Answer

If our nation's maximum possible output of any one good is produced,given the output of other goods,we have attained ___________.

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Definitions:

FTC

The Federal Trade Commission, a U.S. federal agency responsible for protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico to eliminate tariffs and facilitate trade among the three countries.

Made in the U.S.A.

A label indicating that a product has been manufactured or substantially transformed in the United States.

Cooling Off Rule

A federal regulation allowing consumers to cancel certain types of sales or contracts within three days for a full refund.