Economics · International Trade
According to the Marshall-Lerner condition, a country is advised to devalue its currency to improve its trade balance if the foreign market demand for its exports and domestic demand for imports is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Perfectly inelastic
- 2Unitary elastic
- 3Elastic✓
- 4Inelastic
Correct answer
Elastic
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