Post Utme Futo 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Futo Economics examination.
The Marshall-Lerner condition states that a country will experience an improvement in its balance of payments if the sum of the elasticities of demand for imports and exports exceeds 1. What is the minimum value of the sum of the elasticities of demand for imports and exports for a country to experience an improvement in its balance of payments?
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About This Question
This is Post Utme Futo 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Futo Economics examination.
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