What effect, if any, does diminishing marginal product have on the shape of the marginal cost curve?

One drawback of fiscal policy is the time it takes to enact the legislation necessary to activate it

a. True b. False Indicate whether the statement is true or false

According to the efficient markets theory of stock prices, some investors outperform the market because

a. they are especially skilled at analyzing stock price trends b. in any large group of investors, there will probably be some unusually lucky ones c. they are most likely the beneficiaries of insider trading d. they have better information about firms' technologies and production costs e. they have a superior ability to predict consumer behavior