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

question 20

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 ________.

• 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:

Parents

Individuals who act as guardians and are responsible for the upbringing of a child.

Canadian Census

A national survey conducted periodically to collect comprehensive demographic information about the population of Canada.

Cohabitation

is the state of living together and having a sexual relationship without being married.

1981

A year notable for various global and regional historical events, including political shifts and cultural developments.