Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

order

  • 3 years ago

Assuming that the supply of exports and imports are perfectly elastic, at which combination of elasticities of demand for imports and exports would a 10 % fall in the value of a currency lead to a worsening of the trade account of a country’s balance of payments? elasticity of demand for exports elasticity of demand for imports A 0.5 0.25 B 0.5 0.5 C 1.0 0.75 D 1.0 1.0

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy