Question
If the exchange rate of some economy depreciates
vis−a−vis US $ and if the Marshal Lerner condition is satisfied, then the current account deficit of that economy is expected toSolution
Marshall−Lerner condition ensures that devaluation improves a country’s balance of trade position if the sum of the price elasticities of demand for exports and imports (in absolute value) is greater than 1. Assuming that this condition is being fulfilled, then depreciation in exchange rate will decrease the current account deficit.
The 1100-year-old Uttaramerur inscription at Kanchipuram in Tamil Nadu is related to which Dynasty?
A shopkeeper marked his article 25% above its cost price and offered a discount of 40%. If cost price of the article is Rs. 500, then find profit or los...
Which of the following are part of transfer payments?
1. Remittances received by people residing in India
2. Imported Petro-Chemical pr...
Who among the following has claimed number one ranking in men’s javelin for the first time in May 2023?
In which state is the Gingee Fort, which was recently nominated for the UNESCO World Heritage status, located?
If 26th January, 2020 was a Sunday, then what day of the week was it on 16th March of that year?
A and B invested Rs.5000 and Rs.7000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
In this question, a group of numbers/symbols is coded using letters as per the table given below and the conditions which follow. The correct combinatio...
Who among the following is responsible for the formulation of the “Internal Complaint Committee” under the Protection of Women from Sexual Harassmen...
When white light passes through a glass prism we get a spectrum on the other side of the prism. In the emergent beam the ray which is deviated least is -
