Another way to state the efficient markets hypothesis is: in an efficient market
A) unexploited profit opportunities will be quickly eliminated.
B) unexploited profit opportunities will never exist.
C) all prices can be accurately predicted.
D) every financial market participant must be well informed about securities.
A
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When tax revenue ________ outlays is positive, then the government has a budget ________
A) minus; surplus B) divided by; surplus C) minus; deficit D) plus; deficit E) plus; surplus
The opportunity cost of more consumption of goods today is
A) lower consumption of goods in the future. B) fewer capital goods in the future. C) more capital goods today. D) more unemployment both today and in the future.
The use of public money to attract sports entities
A. is limited to football. B. was used by the city of Indianapolis to attract the offices of the NCAA from Kansas City. C. is now causing the Master's golf tournament to move to Las Vegas. D. is overwhelmingly in baseball.
If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would
A. cause a movement along the demand curve to a (lower price, higher quantity) point. B. move its demand curve to the left. C. move its demand curve to the right. D. cause a movement along the demand curve to a (higher price, lower quantity) point.