Which of the Following Has not Been Involved in a Direct

question 38

Multiple Choice

Which of the following has not been involved in a direct test of the semi-strong form of the efficient market hypothesis?

• A) Stock splits
• B) New Issues
• C) Exchange listing
• D) Accounting changes
• E) NYSE Specialists' returns

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Definitions:

Prosperity

A state of economic well-being characterized by high levels of income, employment, and production.

Depression

A severe and prolonged reduction in economic activity as occurred during the 1930s

Scarce Resources

Natural, human, and capital resources that are limited in supply, which necessitates choices about how they are allocated.

Unlimited Wants

The economic principle that humans have infinite desires or wishes for goods and services, despite having limited resources.