The fee charged by a typical hedge fund are sometimes called:
A) 12b-1 fees
B) hedging premiums
C) loads
D) carried interest
D
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Suppose Joe purchases 10 lottery tickets per month when his monthly income is $200. Joe receives a raise at work, giving him an extra $40 per month in take-home pay, and Joe now purchases 15 lottery tickets per month. What is Joe's income elasticity of demand for lottery tickets?
a. 2.5 b. 1. c. 0.4. d. 0.25.
The market for wheat is an example of
A) a monopoly market. B) an oligopolistic market. C) a perfectly competitive market. D) a monopolistically competitive market.
Why does GDP equal aggregate income and also equal aggregate expenditure?
What will be an ideal response?
Certain goods are related such that an increase in the price of one good decreases the quantity demanded of the other. These goods are
a. complements. b. substitutes. c. luxury goods. d. competing goods.