An Efficient Market Is a Market

question 76

Multiple Choice

An efficient market is a market

• A) that deals in unlimited resources.
• B) in which long-term profits are guaranteed.
• C) in which profit opportunities are eliminated almost instantaneously.
• D) in which there are no opportunity costs.

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Definitions:

Insanity Defense Reform Act

A 1984 U.S. federal law that redefined criteria for establishing the insanity defense within federal courts.

Jurisdictions

Defined territories or areas of control where specific rules, laws, or powers are applied.

Durham Rule

A legal standard determining the criminal responsibility based on whether a defendant's unlawful act was the product of mental disease or defect.

ALI Rule

Legal principle stating that a person is not responsible for criminal conduct if he or she lacks the capacity to appreciate the criminality (wrongfulness) of the act or to conform his or her conduct to the requirements of the law as a result of mental disease.