When Investors Cannot Make Superior Profits on a Continual Basis

question 76

Multiple Choice

When investors cannot make superior profits on a continual basis based on past prices,public or private information,the market is said to be:

• A) weak-form efficient.
• B) semi-strong form efficient.
• C) strong-form efficient.
• D) fundamentally efficient.

---

Definitions:

Sand Dune

A hill or ridge of sand piled up by the wind in desert regions or near lakes and oceans.

Orbital Variations

Changes in the shape, tilt, and orientation of the Earth's orbit around the sun, affecting climate patterns over long periods.

Solar Radiation

The electromagnetic energy emitted by the sun, including visible light, ultraviolet light, and infrared radiation, which provides the energy necessary for life on Earth.

Infrared Energy

Invisible radiant energy emitted by all objects above absolute zero, detectable as heat.