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Author Question: Russia is a member of the European Union. Indicate whether the statement is true or ... (Read 499 times)

darbym82

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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?


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bblaney

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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.


darbym82

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

zacnyjessica

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Reply 3 on: Yesterday
Excellent

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