Empirical Tests Have Yielded ________ Evidence About Market Efficiency with a General

question 43

Multiple Choice

Empirical tests have yielded ________ evidence about market efficiency with a general consensus that developing foreign markets are ________.

• A) conflicting; not efficient
• B) conflicting; efficient
• C) consistent; inefficient
• D) None of the above

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Definitions:

Productive Resources

Resources that are used in the production of goods and services, including land, labor, and capital.

Total Fertility Rate

The average number of children per lifetime birthed by a nation’s women.

Replacement Rate

The total fertility rate necessary to offset deaths in a country and thereby keep the size of its population constant (without relying on immigration). For most countries, a total fertility rate of about 2.1 births per woman per lifetime.

Per-Capita Consumption

The average consumption of a good or service per person within a particular population or area.