The Marshall-Lerner Condition Holds That a Country's Current Account Balance

question 96

Multiple Choice

The Marshall-Lerner condition holds that a country's current account balance will ________ in response to a real ________ in a nation's currency if the________.

• A) improve; depreciation; sum of the price elasticities of export and import demand exceeds 1
• B) worsen; depreciation; sum of the price elasticities of export and import demand exceeds 1
• C) improve; appreciation; sum of the price elasticities of export and import demand exceeds 1
• D) improve; appreciation; sum of the price elasticities of export and import demand exceeds 0
• E) worsen; depreciation; sum of the price elasticities of export and import demand exceeds 0

---

Definitions:

Expressions of Grief

The various ways individuals or cultures manifest feelings of sorrow and loss, including rituals, verbal expressions, and physical symbols.

Heroic Efforts

Extraordinary actions or endeavors undertaken with great courage and determination, often in challenging circumstances.

Diagnostic Tools

Instruments or techniques used to identify diseases or conditions in organisms, ranging from simple physical examinations to complex medical tests.

Sociological Method

A systematic approach to research in sociology that involves the use of theories and techniques to understand and explain social phenomena.