Post Utme Rhema University 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_RHEMA_UNIVERSITY • 2024 • 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
B. The J-curve effect
C. The Balance of Payments constraint
Correct Answer D. The Elasticity of Demand threshold
Correct Answer
D
Correct Option:
The Elasticity of Demand threshold

About This Question

This is Post Utme Rhema University 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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