No particular stock is a better buy than any other stock if

a. stock prices are driven by investors' "animal spirits.".
b. the random-walk theory of stock prices is incorrect.
c. the efficient markets hypothesis is correct.
d. actively managed mutual funds always outperform index funds.

Economics

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Because of the free-rider problem, it is necessary that public bureaus manufacture defense weapons

a. True b. False

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Until the mid-1970s, U.S. imports and exports were a relatively ______ percent of domestic output.

Fill in the blank(s) with the appropriate word(s).

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