Please anwer it According to the Marshall-Lerner condition, when a country's currency depreciates in real terms its trade balance will improve ifYour answer:O elasticity of demand for exports = 0.9; elasticity of demand for imports = -0.4elasticity of demand for exports = -0.8; elasticity of demand for imports = -0.3O elasticity of demand for exports = 0.5; elasticity of demand for imports =- 0.2elasticity of demand for exports = 0.3; elasticity of demand for imports = -0.5

It is stated by the Marshal Lerner condition that a currency devaluation results in the improvement…

According to the Marshall-Lerner condition, when a country's currency depreciates in real terms its trade balance will improve if Your answer: O elasticity of demand for exports = 0.9; elasticity of demand for imports = -0.4 O elasticity of demand for exports = -0.8; elasticity of demand for imports -0.3 Oelasticity of demand for exports = 0.5; elasticity of demand for imports =- 0.2 Oelasticity of demand for exports 0.3; elasticity of demand for imports = -0.5

According to the Marshall-Lerner condition, when a country's currency depreciates in real terms its trade balance will improve if Your answer: O elasticity of demand for exports = 0.9; elasticity of demand for imports = -0.4 O elasticity of demand for exports = -0.8; elasticity of demand for imports -0.3 Oelasticity of demand for exports = 0.5; elasticity of demand for imports =- 0.2 Oelasticity of demand for exports 0.3; elasticity of demand for imports = -0.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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