1. Under what circumstances is a country likely to have an elastic demand for (a) its exports;...
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1. Under what circumstances is a country likely to have an elastic demand for (a) its exports; (b) its imports?
2. Over which time period is the Marshall–Lerner condition less likely to be met: the short run or the long run?
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1 a When it is selling its exports in close competition with ...View the full answer
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