The efficient markets hypothesis implies
a. that all stocks are fairly valued all the time and that no stock is a better buy than any other.
b. that all stocks are fairly valued all the time, but that some stocks may be better buys than other.
c. that some stocks may be better buys than others and stock experts can determine which ones.
d. that no stock is efficiently valued.
a
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The International View of the Great Depression blames the contraction in the U.S. economy on
(a) the failure of the U.S. markets to permit a fall in aggregate prices under the gold standard or to devalue its exchange rate. (b) exports' and imports' large proportion of total GDP in the U.S. (c) Great Britain abandoning the gold standard. (d) all of the above.
Economies of scale and specialization are characteristics of
A. comparative and absolute advantage B. factors of production C. economics of scale D. call centers in India