An efficient market is one in which
a. no rents are created.
b. past prices can be used to predict the levels of future prices.
c. the principals can fully monitor the actions of their agents.
d. the price fully reflects all available information.
d. the price fully reflects all available information.
Economics
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Refer to the scenario above. Real GDP of the country has grown by ________
A) 0.2% B) 10% C) 5% D) 20%
Economics
In a modern dynamic economy such as the United States, full employment generally means
a. cyclical unemployment is present. b. everyone (excluding teenagers) that would like to work is employed. c. approximately 95 percent of the labor force is employed. d. 100 percent of the labor force is either working or seeking work.
Economics