Multiple Choice
Which of the following are theories meant to explain "Why price levels are lower in poorer countries"?
A) only Bhagwati-Kravis-Lipsey
B) only Balassa-Samuelson
C) only Goldberg-Knetter
D) Bhagwati-Kravis-Lipsey and Balassa-Samuelson
E) Bhagwati-Kravis-Lipsey and Goldberg-Knetter
Correct Answer:
Verified
Correct Answer:
Verified
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