Question:
As per the Marshall Lerner conditions, for the trade balance to improve following depreciation of the currency:
As per the Marshall Lerner conditions, for the trade balance to improve following depreciation of the currency:
Updated On: Mar 12, 2024
- the sum of the elasticities of exports and imports should be greater than 1
- the sum of the elasticities of exports and imports should be less than 1
- the sum of the elasticities of exports and imports should be equal to 1
- the sum of the elasticities of exports and imports should be equal to zero
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The Correct Option is A
Solution and Explanation
The correct option is(A): the sum of the elasticities of exports and imports should be greater than 1
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