Many economists believe that skill-biased technical change has increased the incomes of highly skilled workers and decreased the incomes of low-skill workers

A country that is half as productive at producing some goods as another country, but is one quarter as productive at producing others, will not be able to gain from trade

a. True b. False Indicate whether the statement is true or false

If the marginal profit of the next unit is negative, the firm should produce more output in order to generate greater profit

a. True b. False Indicate whether the statement is true or false