A person has a comparative advantage in activity X when that person's: O opportunity cost of performing that activity is very high. O opportunity cost is lower for him than for other trading partners. O ability to perform that activity exceeds that of all other people. O government negotiates a favorable trade agreement.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

You cannot make copies of media, even as a personal backup, without violating copyright. true

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