Economics Multiple Choice Question – 17 April 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Economics

According to the Marshall-Lerner condition which of the following countries’ balance of trade will improve following a currency devaluation?

Select ONE answer:

Table 54

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

  1. -0.3 + -0.4 = 0.7, 0.7 <1
  2. -0.3 + -0.7 =1,1=1
  3. -0.7 + -0.1 = 0.8, 0.8 <1
  4. Correct: -0.8 + -0.1 =1.1, 1.1 > 1

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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