Which оf the fоllоwing stаtements is (аre) incorrect? i. If the production of good A is lаbor intensive, the demand for labor used in the production of good A is likely to be rather inelastic. ii. The steeper the marginal product curve for labor, the less elastic is the firm’s demand for labor. iii. In the case of colluding duopolists in a one-shut game, the dominant strategy equilibrium is for both firms to cheat. iv. If there are two countries, A and B, and two goods, X and Y, and country A has a comparative advantage in the production of X, then country B must have a comparative advantage in the production of Y. v. If countries specialize in goods for which they have a comparative advantage, then some countries will gain and others will lose but the gains will be larger than losses. vi. Trading according to comparative advantage allows all trading countries to consume outside their production possibility frontier. vii. If country A must give up 3 units of Y to produce 1 unit of X and country B must give up 4 units of Y to produce 1 unit of X, then A has a comparative advantage in the production of Y.