If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?

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International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. Basicaly, International economics deals with issues arising from economic interaction among sovereign nations


If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?






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