When the evolution of new technologies is unknown, or it is unclear which country has the "best" rules for standards, the adoption of ________ is the superior option

If all factors of production that are available for use under current market conditions are being utilized, then the economy has:

A) economic growth. B) comparative advantage. C) full employment. D) inefficient production.

If a firm is producing a given level of output in a technically efficient manner, then it must be the case that

A. this is the lowest cost method of producing that output. B. this output level is the most that can be produced with the given levels of inputs. C. each input is producing its maximum marginal product. D. both a and c E. all of the above