Efficient Markets

question 25

Multiple Choice

Efficient markets:

• A)maximize total surplus.
• B)can occur without a central planner.
• C)occur when a market is in equilibrium.
• D)All of these are true.

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Definitions:

Preparation/Determination

The process of getting ready for a specific task or event, coupled with the resolve to achieve a set goal.

Transcendence

The act of rising above or going beyond ordinary limits, often associated with spiritual or philosophical experiences of deep connection.

Conscious Attention

The act of deliberately focusing one's awareness on a particular task or subject.

Preparation/Determination

The stage of behavioral change in which individuals ready themselves mentally and possibly physically to make a change.