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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Wk5_Assignment

Wk5_Assignment

Q What is intertemporal comparative advantage? Begin with the definition from the text, then go online and find evidence of two countries that hold an intertemporal comparative advantage in the production of some specific goods.

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There are different concepts with intertemporal comparative advantage. A country is said to have intertemporal comparative advantage when there is a possibility of the country to produce more for the future and the country can also produce at a very low cost. There are said to many advantages for the intertemporal comparative advantage. Japan is one such country which is able to produce to goods for its future at a very low cost and also there are many things that are also part of the different types of the trade related concerns.