An efficient market is a market
A. in which profit opportunities are eliminated almost instantaneously.
B. in which there are no opportunity costs.
C. in which long-term profits are guaranteed.
D. that deals in unlimited resources.
Answer: A
You might also like to view...
In the expression Pr(deny = 1| P/I Ratio, black) = ?(-2.26 + 2.74P/I ratio + 0.71black), the effect of increasing the P/I ratio from 0.3 to 0.4 for a white person
A) is 0.274 percentage points. B) is 6.1 percentage points. C) should not be interpreted without knowledge of the regression R2. D) is 2.74 percentage points.
A lesson from the Brazilian experiment was that:
a. infant industry protection is almost never successful. b. there are many determinants other than market price that also factor into an industry's success—firms had supplier difficulties and were hampered by excessive regulation. c. government usually knows better than the market whether an industry has potential. d. when politicians get involved, rational decisions and good business practices are more difficult.
Consolidation in an industry can be a good thing if larger firms are more efficient at producing products at a lower price.
a. true b. false
In a capitalistic economy:
A. consumers are not sovereign. B. there is a reliance on the market system. C. markets are not competitive. D. the government owns the means of production.