Economics · International Economics
The Marshall-Lerner condition states that currency devaluation will improve the trade balance if the absolute sum of price elasticities of demand for exports and imports is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Equal to one
- 2Equal to zero
- 3Greater than one✓
- 4Between zero and one
Correct answer
Greater than one
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