Which of the Following Are Theories Meant to Explain "Why

question 2

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

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