If a Market Has Semi-Strong Efficiency, Then All Historical Information

question 194

True/False

If a market has semi-strong efficiency, then all historical information is included in market prices.

---

Definitions:

Marginal Tax Rate

The rate at which the last dollar of income is taxed, demonstrating the percentage of tax applied to your income for each tax bracket in which you qualify.

Taxable Income

The income subject to taxes after deductions and exemptions.

Price Elasticity

The calculation of how price alterations affect the demand level of a good.

Excise Tax

A specific type of tax levied on particular goods, services, or transactions, often included in the price of items such as gasoline, alcohol, and tobacco.