The theory that there are no predictable trends in securities prices that can be used to "get rich quick" is the
A) dartboard theory.
B) random walk theory.
C) Wall Street theory.
D) inefficient market hypothesis.
Answer: B
Economics
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Because of the flaws of the concentration ratio as a measure of the extent of competition in an industry, some economists prefer another measure of competition, the Herfindahl-Hirschman Index
Indicate whether the statement is true or false
Economics
Consumer surplus measures
A) the extra amount that a consumer must pay to obtain a marginal unit of a good or service. B) the excess demand that consumers have when a price ceiling holds prices below their equilibrium. C) the benefit that consumers receive from a good or service beyond what they pay. D) gain or loss to consumers from price fixing.
Economics