If one observes that Japan was traditionally a net foreign lender,one could conclude that relative to its international trade and financial partners
A) Japan's intertemporal production possibilities are biased toward present consumption.
B) Japan's intertemporal production possibilities are biased toward future consumption.
C) Japan's intertemporal production possibilities are larger than that of the other countries.
D) Japan's intertemporal production possibilities are not biased.
E) Japan preferred to consume beyond its production in the present.

Question

Quizplus · Accepted Answer

Japan's intertemporal production possibilities are biased toward present consumption.

If One Observes That Japan Was Traditionally a Net Foreign