Those who believe that market prices always incorporate all available information believe:
A. that randomly choosing a stock is not as effective as technical or fundamental analysis.
B. that current stock prices does not represent true value as correctly as is possible.
C. in the efficient-market hypothesis.
D. All of these are true.
Answer: C
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_____________ is a financial arrangement whereby people pay premiums tp a(an) ____________ company that reimburses them in the event of loss or injury
a. Stock b. Mutual Fund c. Insurance d. Investiture
If firms were teams then there would be a problem of
A) free-riding. B) spontaneous order. C) market-based management. D) internal externalities.
Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.
Figure 9.2Refer to Figure 9.2. If MR = $5, then a profit-maximizing firm will produce ________ units and earn ________.
A. 0; negative profits B. 12; positive profits C. 10; negative profits D. 5; zero profits
The government imposes a tax on imported wine. As a result, fewer individuals purchase imported wine. This is an example of tax
A. evasion. B. equity. C. shifting. D. incidence.