If Markets Are Efficient, It Is ________ When Trading on the Basis

question 59

Multiple Choice

If markets are efficient, it is ________ when trading on the basis of information.

• A) easy to ignore a random walk
• B) possible to make sustained profits
• C) impossible to make economic profits
• D) easy to generate economic rent
• E) difficult to understand fundamentals

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Definitions:

Megaspore

Of seed plants, haploid spore that forms in an ovule and gives rise to an egg-producing gametophyte.

Integuments

Protective layers of tissue covering the body of an organism, such as skin in humans and other animals or seed coats in plants.

Embryo Sac

The female gametophyte within the ovule of a flowering plant, containing the egg cell for fertilization.

Circadian Rhythm

A biological activity that is repeated about every 24 hours.