Post Utme Summit University 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_SUMMIT_UNIVERSITY • 2018 • 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 Identity
Correct Answer D. The Elasticity Condition
Correct Answer
D
Correct Option:
The Elasticity Condition

About This Question

This is Post Utme Summit University 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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