The Marshall–Lerner condition indicates a stable foreign
exchange market if the sum of the price elasticities of the demand
for imports and the demand for exports0, in absolute terms, is less
than 1. ()
exchange market if the sum of the price elasticities of the demand
for imports and the demand for exports0, in absolute terms, is less
than 1. ()
举一反三
- 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: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 0 B: improve; 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 0 D: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 1
- The Marshall-Lerner condition applies only if ηx+ηm > 1, in whichηx+ηm is ( ) A: supply price elasticity of domestic import and export commodities B: demand income elasticity of domestic imports and exports commodities C: expected Elasticity of demand for domestic imports and exports commodities D: demand price elasticity of domestic imports and exports commodities
- The Marshall-Lerner condition applies only if ηx+ηm > 1, in whichηx+ηm is ( ) A: supply price elasticity of domestic import and export commodities B: demand income elasticity of domestic imports and exports commodities C: expected Elasticity of demand for domestic imports and exports commodities D: demand price elasticity of domestic imports and exports commodities
- According<br/>to the Marshall-Lerner condition, currency depreciation has no effect<br/>on a country's trade balance if the elasticity of demand for its<br/>exports plus the elasticity of demand for its imports equals() A: 0.1 B: 0.5 C: 1.0 D: 2.0
- According<br/>to the Marshall-Lerner condition, currency depreciation would have a<br/>negative effect on a country's trade balance if the elasticity of<br/>demand for its exports plus the elasticity of demand for its imports<br/>equals() A: 0.5 B: 1.0 C: 1.5 D: 2.0