According to the efficient markets hypothesis, purchasing the reports of financial analysts
A) is likely to increase one's returns by an average of 10%.
B) is likely to increase one's returns by about 3 to 5%.
C) is not likely to be an effective strategy for increasing financial returns.
D) is likely to increase one's returns by an average of about 2 to 3%.
C
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By definition, a direct expenditure offset will occur whenever
A) the interest rate falls. B) the interest rate rises. C) the government increases spending in an area that competes with the private sector. D) the government increases spending for the military.
Of the following high-income countries, which has the lowest infant mortality rate?
A) Canada B) Japan C) the United Kingdom D) the United States
Refer to the table below. If Tacos R Us sells its taco shells separately, what is the profit-maximizing price to charge?
Tacos R Us sells two different types of products; taco shells and taco sauce. For simplicity, assume that the marginal cost of each product is $0, so that Tacos R Us' total revenue is also its total profit.
A) $5
B) $3
C) $7
D) $4
As national income increases:
a) The average propensity to consume falls and gets nearer in value to the marginal propensity to consume b) The average propensity to consume increases and diverges in value from the marginal propensity to consume c) The average propensity to consume stays constant d) The average propensity to consume always approaches infinity