According to the Marshall-Lerner Condition,a Currency Depreciation Is Least Likely

question 63

Multiple Choice

According to the Marshall-Lerner condition,a currency depreciation is least likely to lead to an improvement in the home country's trade balance when:

• A) Home demand for imports is inelastic and foreign export demand is inelastic
• B) Home demand for imports is elastic and foreign export demand is inelastic
• C) Home demand for imports is inelastic and foreign export demand is elastic
• D) Home demand for imports is elastic and foreign export demand is elastic

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Definitions:

Liberals

Individuals or groups advocating for policies that emphasize individual rights, equality, and support for social programs aimed at reducing inequality and promoting social justice.

Conservatives

A political and social philosophy that emphasizes retaining traditional social institutions and values.

Political Ideology

A set of ethical ideals, principles, doctrines, myths, or symbols of a social movement, institution, class, or large group that explains how society should work, and offers some political and cultural blueprint for a certain social order.

Political Socialization

The process through which individuals acquire their political beliefs and values, often influenced by family, education, and media.