A good with an income elasticity of 2.3 is:

_____________ Capital Markets Small homogeneous units (shares) of ownership in assets trade in public exchanges Many buyers and sellers Price quotes available for all to see Characterized by a high degree of liquidity Informationally efficient

Fill in the blank(s) with the appropriate word(s).

The distinction between microeconomics and macroeconomics is

A) clearly drawn, and there is no overlap between them. B) determined by economists in a clear and concise manner. C) narrowly drawn, and microeconomic analysis often relies on macroeconomic tools. D) often blurred because aggregates are made up of individuals and firms.