Post Utme Summit University 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_SUMMIT_UNIVERSITY • 2020 • 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 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

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