If the Sum of Elasticities of Demands for Both Imports

question 38

Multiple Choice

If the sum of elasticities of demands for both imports and exports is less than 1,then:

• A) the Marshall-Lerner condition is met and trade balance improves.
• B) the Marshall-Lerner condition is met and trade balance decreases.
• C) the Marshall-Lerner condition is not met and trade balance improves.
• D) the Marshall-Lerner condition is not met and trade balance decreases.

Identify and appreciate the flexibility and personal rewards of a sales career.

Distinguish between objective and subjective measures for evaluating salespeople.

Learn about customer reservation handling and overcoming objections in sales.

Understand the significance of being the frontline emissary for a company.