Which of the following is true regarding currently attainable standards? a. they do not provide any allowance for any lack of skill. b. they are can be achieved only if everything operates perfectly. c. they demand the maximum efficiency of all the producing factors. d. they provide allowance for normal breakdowns, interruptions, etc. e. all of these choices are correct.

Personal financial planning is the process of creating and achieving financial goals? true or false

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.