Question
The "Marshall-Lerner Condition" must be satisfied for a
currency depreciation to:Solution
The condition states that a depreciation will improve the trade balance if the sum of the absolute price elasticities of demand for exports and imports is greater than 1 (|ηx| + |ηm| > 1).
Partner's authority in an emergency is covered under which section of Indian Partnership Act?
According to Section 7(1) of the Arbitration and Conciliation Act, 1996, what is the essential characteristic of an "arbitration agreement"?Â
An order of the court directing a person to do or refrain from doing some act, which is the subject matter is known as ___________________
Which illustration of Section 114 of Evidence Act is based on the maxim “Ominia praesumumtur rite et solemniter esse acta”?
What components may be included in the minimum rate of wages fixed or revised by the appropriate Government under section 8 of the Code on Wages?
Which of the following authorities have acquired the Rights of Owners of Coal Mines under the Coal Mines Nationalisation Act 1973?
In what situation is the existence of any judgment, order, or decree relevant?
Prior sanction for prosecution is required according to PC Act when:Â
Which agreements, if, entered into between enterprises or persons or between any person and enterprise or practice carried on, or decision taken by, an...
What is the tenure for the Chairperson and other whole-time members of the Authority, according to the IRDA Act?
