Post Utme Lautech 2019 Economics Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Lautech 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 Lautech 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.
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