Post Utme Aaua 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice

Question 1 POST_UTME_AAUA • 2023 • ECONOMICS • objective

The Marshall-Lerner condition states that if the sum of the elasticities of demand for imports and exports is greater than 1, then a devaluation of the currency will lead to a

Correct Answer A. increase in the trade balance

B. decrease in the trade balance

C. increase in the current account deficit

D. decrease in the current account deficit

Correct Answer

Correct Option:

increase in the trade balance

This is Post Utme Aaua 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support