The impact of financial markets on the economy comes partly through

A) the substitution effect.
B) the wealth effect.
C) the international trade effect.
D) the travel effect.

B

Economics

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The price elasticity of gasoline supply in the U.S. is 0.4. If the price of gasoline rises by 8%, what is the expected change in the quantity of gasoline supplied in the U.S.?

A. +32.0% B. +0.32% C.-3.2% D. +3.2%

Economics

A type of investment fund that makes long-term investments in companies that are not publicly traded is called a

A) private equity fund. B) hedge fund. C) sovereign wealth fund. D) brokerage fund.

Economics