What Is an Exchange-Traded Fund

question 20

Essay

What is an exchange-traded fund
Give two examples of specific ETFs.What are some advantages they have over ordinary open-end mutual funds
What are some disadvantages

Identify goods with the least and most deadweight loss due to taxation.

Comprehend the burden distribution of taxes between consumers and producers.

Evaluate tax strategies to minimize inefficiency and deadweight loss.

Recognize the relationship between tax revenue and elasticity of demand and supply.

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Definitions:

SPIN Approach

A consultative sales technique that stands for Situation, Problem, Implication, Need-payoff, focusing on asking questions to understand customer needs and offering solutions.

Questions

Questions are inquiries or prompts designed to elicit information, encourage thought, or provoke discussion.

Discussion

An exchange of ideas, opinions, or information through conversation, aiming for mutual understanding or decision-making.

Customer Benefit Approach

An approach whereby the salesperson asks questions that imply that the product will benefit the prospect.