Which of the following countries would you expect to have intertemporal production possibilities, biased toward current consumption
Question:
Which of the following countries would you expect to have intertemporal production possibilities, biased toward current consumption goods, and which would be biased toward future consumption goods?
a. A country like Egypt that has discovered large reserves of natural gas that can be exploited with massive investments.
b. A country like India that is catching up technologically due to massive outsourcing services, especially from wealthy countries.
c. A country like Germany or the United States where a ban on immigration means a limited inflow of immigrants.
d. A country like Indonesia that started developing its infrastructure to make industries more productive and cost-efficient.
e. A country like the Netherlands that aims to reduce energy and gas consumption with low investment in the use of biofuels.
Step by Step Answer:
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz