The efficient markets hypothesis predicts that an investor
A) will not be able consistently to earn above-normal profits from buying or selling stocks.
B) will be able consistently to earn above-normal profits from buying or selling stocks so long as he or she makes use of rational expectations.
C) will be able consistently to earn above-normal profits from buying or selling stocks so long as he makes use of adaptive expectations.
D) will be able consistently to earn above-normal profits so long as stock prices in general are rising.
A
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Because the PPF is a straight line in the Ricardian model, Foreign's import demand curve is:
a. upward sloping in parts. b. flat in parts. c. downward sloping in parts. d. flat everywhere.
To be effective, the minimum wage must be set ________ the market-clearing wage, and this will result in a ________ of labor
A) above; surplus B) above; shortage C) below; surplus D) below; shortage