According to the efficient markets hypothesis, who is most likely to benefit from frequently moving funds from one asset to another?
A) your broker
B) small investors
C) big investors
D) only those who consistently beat the market
A
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Using the economic way of thinking, which of the statements listed below best answers the following question: Why do professional athletes tend to make more money than professional poets?
A) Americans love sports and hate poetry. B) Poets are less greedy and materialistic than athletes. C) More people are willing to pay $50 per ticket to see an athletic competition than they are to listen to a poet. D) The supply of poets is too low.
When the marginal product of labor rises
A) the marginal cost of production will exceed the average total cost. B) the marginal cost of production also rises. C) the average total cost of production also rises. D) the marginal cost of production falls.
When two _____ monopolists merge, one division of the newly merged company will transfer its output to another division at its actual cost, instead of its profit maximizing price
a. price discriminating b. natural c. output rationing d. successive
Financial intermediaries are important because
a. the process of finding loans is complicated b. firms are usually unwilling to part with extra revenue c. they are examples of banks d. we could not function in society without them e. they facilitate efficient transactions between borrowers and lenders