Intellectual Olympiad in International Economics - 2026 ongoing

Subject: International Economics
Level: VIII
Category: student
Quiz questions: in English
Example question: A country’s export demand has a price elasticity of 1.5, while its import demand has a price elasticity of 0.8. Which conclusion follows from these elasticities for a currency depreciation, assuming the initial trade balance is zero? The trade balance is likely to improve after the depreciation, The trade balance must deteriorate immediately and permanently, Export revenue will necessarily fall, The depreciation cannot affect the trade balance