The theory of PPP suggests that if one country's price level falls relative to another's, its currency should

Someone who values a lottery at less than the expected value is

a. a risk lover b. risk neutral c. risk averse d. one who tends to play lots of lotteries

The share of total income for "capitalists" in America (in the form of rent, interest, and profits) has been about:

A. 20 percent B. 40 percent C. 50 percent D. 75 percent