Post Utme Lautech 2023 Economics Question 1

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

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 1 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

The Marshall-Lerner condition states that a country's balance of payments will improve if the sum of the percentage changes in its export and import prices exceeds a certain threshold. What is the name of this threshold?

Answer Options

A. The Marshall-Lerner condition
Correct Answer B. The J-curve effect
C. The balance of payments equilibrium
D. The trade deficit threshold
Correct Answer
B
Correct Option:
The J-curve effect

About This Question

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

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