The most affordable places to live tend to be located disproportionately in the

According to purchasing power parity, the relationship among the domestic price (P), the foreign price (P ), and the nominal exchange rate (e), can be written as

A) P = e - P . B) P = P - e. C) P = eP . D) P = e/P .

In Niskanen's theory, bureaucrats obtain the budget they want by

a. lowering prices to consumers b. raising prices to consumers c. promising to produce more efficiently d. threatening legislatures with an all-or-nothing choice e. allowing legislators to cut particular items from their budget