Post Utme Osustech 2018 Economics Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice

Question 1 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Osustech 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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