Dr Aoyama Has to Prescribe a Syrupy Medication for One

question 174

Multiple Choice

Dr. Aoyama has to prescribe a syrupy medication for one of her elderly patients. She has two choices: one that smells bad but tastes good or one that smells good but tastes bad. Since her patient is 75 years old, and assuming she wants to prescribe the medicine that is most tolerable, which medicine should she prescribe?

• A) The one that smells bad
• B) The one that tastes bad
• C) Either one, because people that old have little or no sense of taste or smell
• D) If the patient is male, she should prescribe the one that tastes bad; if the patient is female, she should prescribe the one that smells bad

Recognize the ethical considerations in financial markets, specifically the impact of insider trading on market efficiency.

Understand the concept of net present value (NPV) and its relation to efficient markets.

Grasp the importance of market reactions to unexpected news as evidence of market efficiency.

Identify the limitations of market efficiency and the potential for inefficiencies in financial and real asset markets.