The Case in Point on Socialist Cartoons Suggests That Soviet

question 120

Multiple Choice

The Case in Point on socialist cartoons suggests that Soviet citizens recognized that:

• A) inefficiency resulted because of failure to take in costs of production.
• B) it was difficult for businesses to incorporate new technologies in a command economy.
• C) their system of a command economy failed to respond to consumers' demands.
• D) all of the above

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Definitions:

Semistrong-Form

A theory related to the Efficient Market Hypothesis that asserts all public information is already reflected in stock prices, along with historical information.

Weak-Form

In finance, a hypothesis suggesting that past stock prices and volumes are not predictive of future stock prices.

Weak Form

Assumes that all information contained in past price movements is fully reflected in current market prices. Thus, information about recent trends in a stock’s price is of no use in selecting a stock.

Semistrong Form

States that current market prices reflect all publicly available information. Therefore, the only way to gain abnormal returns on a stock is to possess inside information about the company’s stock.