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Basic Question 9 of 15
According to the Marshall-Lerner approach, a currency depreciation will BEST lead to an improvement on the home country's trade balance when the home demand for imports is ______
B. elastic; foreign export demand is inelastic.
C. elastic; foreign export demand is elastic.
A. inelastic; foreign export demand is elastic.
B. elastic; foreign export demand is inelastic.
C. elastic; foreign export demand is elastic.
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Colin Sampaleanu
Learning Outcome Statements
describe exchange rate regimes and explain the effects of exchange rates on countries' international trade and capital flows
CFA® 2024 Level I Curriculum, Volume 1, Module 7.