An Economic Variable That Measures Something at a Particular Point

question 65

Multiple Choice

An economic variable that measures something at a particular point in time is called a _____.

• A)stock variable
• B)periodic variable
• C)dummy variable
• D)flow variable
• E)constant variable

Recognize the role of venture capital in financing new ventures.

Differentiate between public and private offerings and their specific characteristics.

Describe the impact of new share issues on existing shareholders and market price of the stock.

Understand the legal and regulatory framework governing securities offerings.

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Definitions:

Unitary

A property of elasticity where a change in price causes a proportional change in the quantity demanded or supplied, with an elasticity coefficient of 1.

Incidence

Refers to the impact or burden of a tax, how it is distributed among various participants in the market.

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, quantitatively defined as the percentage change in quantity supplied divided by the percentage change in price.

Incidence

The allocation or impact of a tax or policy on the economic activities or welfare of different groups in society.