Author Question: Russia is a member of the European Union. Indicate whether the statement is true or ... (Read 500 times)

darbym82 · **on:** Jun 30, 2018

Russia is a member of the European Union.

Indicate whether the statement is true or false

Question 2

What is intertemporal comparative advantage?

What will be an ideal response?

bblaney · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

FALSE

Answer to Question 2

Intertemporal comparative advantage arises when a country can produce goods for future consumption at a relatively low cost in terms of current consumption. Such a country can import investments (loans) from other countries with intertemporal comparative disadvantages at terms of trade that benefit both countries.