According to the random walk theory
A) the probability that a stock's price will increase tomorrow is greater if it increased today.
B) the probability that a stock's price will increase tomorrow is greater if it decreased today.
C) the best forecast of tomorrow's price is today's price.
D) the best forecast of tomorrow's price is found by determining the trend for the last five trading days.
Answer: C
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Which of the following is NOT correct?
A) MC = change in TC/change in Q B) ATC = TC/Q C) AVC = TVC/Q D) ATC + AVC = AFC
In Germany, one worker can produce either one cuckoo clock or one beer mug. In Taiwan, one worker can produce either two cuckoo clocks or three beer mugs. Who has the comparative advantage in each good?
A. Taiwan in both goods B. Taiwan in clocks and Germany in mugs C. Germany in clocks and Taiwan in mugs D. Germany in both goods