What Does Informational Efficiency Refer To

question 28

Multiple Choice

What does informational efficiency refer to?

• A)Cheap information costs
• B)Prices that quickly reflect important information
• C)Low number of transactions
• D)Both A and B are correct.

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Definitions:

Positive Outcome

A positive outcome is a favorable result or effect of an action, decision, or situation, usually aligning with desired objectives or goals.

Obey

To follow orders, rules, or instructions from an authority figure or set of guidelines.

Decision To Help

The decision-making process in social psychology where an individual chooses whether or not to assist others in need.

Distressed Person

An individual experiencing extreme anxiety, sorrow, or pain.