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).
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How many Zeros can be formed by multiplying 10 times; 20 times; 30 times; 40 times; ...............times; 2000?
There are nine consecutive even numbers such that the smallest number is 50% of the largest number. Find the sum of the second lowest and second highest...
25% of a number exceeds 1/6th of the same number by 7. What is the number?
Sum of squares of three consecutive numbers is 1589. Find the sum of first and third number.
A waiter income consist of his salary and tips. During one week his tips were 4/5 of his salary. What portion of his income came from tips?
In a four digit number, the units place digit is one more than the hundreds place digit and the tens place digit is one less than the thousand place dig...
What is the unit digit of the sum of first 111 whole numbers?
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