Economics · International Trade
According to the Marshall-Lerner condition, a country can improve its balance of payments through currency devaluation when the sum of the price elasticities of demand for exports and imports is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1equal to zero
- 2less than unity
- 3equal to unity
- 4greater than unity✓
Correct answer
greater than unity
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