Post Utme Oau 2018 Economics Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice

Question 26 POST_UTME_OAU • 2018 • 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 Oau 2018 Economics Question 26. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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