An ECN Is Best Described As

question 1

Multiple Choice

An ECN is best described as:

• A)an electronic network which transmits orders directly to the floor of the NYSE.
• B)the network used in the primary market for selling newly issued shares.
• C)the international trading network of the NYSE.
• D)a website that allows individual investors to trade directly with one another.
• E)a computerized network used by independent brokers.

Identify examples of negative externalities and public goods.

Grasp the importance of information in market functioning.

Distinguish between social goods and their collective benefits.

Understand the concept of capital in the economic context, including its types (tangible, intangible, human, and social capital).

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Definitions:

Tax

A mandatory monetary fee or different kind of charge levied on a taxpayer by a government entity to support government expenditures and various public costs.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services and government obligations.

Tax

A compulsory financial charge imposed by a government on individuals or entities to fund public expenditures, providing revenue for government functions.

Elasticities

Measures in economics that indicate how changes in one variable, such as price or income, affect a change in another variable, such as demand or supply.