Question 29
Question 29 of 30

Question image for Q29
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct

Topics Tested

the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis

exports, imports and the terms of trade: measurement of the terms of trade, causes of changes in the terms of trade, impact of changes in the terms of trade