A Market System That Allows for Quick Execution of Customers

question 109

True/False

A market system that allows for quick execution of customers' trades is said to be informationally efficient.

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Definitions:

Mendel

Gregor Mendel, a 19th-century scientist and Augustinian monk known as the father of genetics for his work on the inheritance of traits in pea plants which established the laws of Mendelian inheritance.

Classificatory System

An organized method for categorizing and grouping entities based on common characteristics or relationships.

Linnaeus

Carl Linnaeus was an 18th-century Swedish botanist, physician, and zoologist who laid the foundations for the modern biological naming scheme of binomial nomenclature.

Natural Selection

A key mechanism of evolution, where organisms better adapted to their environment tend to survive and produce more offspring.