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 new Prime Minister will now have to build on his successor’s (A) / predecessor’s (B) success and address his failures.
The countr...
It must accelerate and prioritise the transition to energy sources that are minimally perturbing to the natural balance because the planet, which may b...
Cockroach : Nymph :: Stag :Â
Despite being overcome on several occasions by the Government, the Mysuru City Corporation is making another tempted to get the interest on water dues r...
Select the most appropriate meaning of the bold phrase.
The thief made off with the jewellery.
He got a job in the Railways through the back door.
Select the most appropriate option to replace the bold word in the given Sentence.
What are a few factors that contributes to water pollution?
Select the most appropriate option to substitute the underlined segment in the given sentence. If no substitution is required, select ‘No substitu...
Select the most appropriate option to substitute the underlined segment in the given sentence. If no substitution is required, select No improvement .
When I went to see her today at her house, her face was completely pail (A)/ pale (B).
The family members visited the temple altogether (A) / all...
