The efficient markets hypothesis is weakened by evidence that
A) stock prices tend to follow a random walk.
B) stock prices are more volatile than fluctuations in their fundamental values can explain.
C) technical analysis does not outperform the overall market.
D) an investment adviser's past success or failure at picking stocks does not predict his or her future performance.
B
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President Abraham Lincoln issued the Emancipation Proclamation that:
A. freed an estimated 4 million slaves. B. totally abolished slavery. C. was intended to prevent Southern states from passing discriminatory laws. D. prohibited race discrimination in voting.
Technological advances have contributed to manufacturing by ________
A) promoting traditional lifestyles and values B) reducing cross-border flow of factors of production C) promoting nationalization D) reducing production costs