The efficient markets theory of stock prices, implies that
a. mutual funds are the best means of investing in the stock market
b. it's better not to invest in the stock market at all
c. you should only invest in the stock market if you have inside information
d. you should alter your portfolio frequently to keep up with the quick movements of the market
e. you can do as well on the stock market as an expert, even if you pick your stocks randomly
E
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The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are
A) population growth and low inflation. B) population growth and increased productivity. C) low unemployment and low inflation. D) low inflation and low trade deficits.
Economic theory predicts that
(a) market forces impose stiff penalties on profits whenever enterprises discriminate against individuals on any basis other than productivity. (b) government intervention is required to combat discrimination. (c) market mechanisms and government interventions are weak in addressing issues of discrimination. However, government is relatively stronger. (d) discrimination is a necessary part of life private and public life.