Which of the following is true regarding efficient markets? a. the prices of securities reflect all available information. b. smart money promotes unexploited profit opportunities. c. hot tips in the stock market are likely to bring exceptional returns. d. everyone in the market must be well informed. according to the efficient market hypothesis, the expected return is determined by several components, including the a. cash payment the following period b. required rate of return of investment c. average price in the previous period d. interest rate of treasury bonds pricing behavior in an efficient market indicates that current prices will be set so that the optimal forecast of a security's return using all available information ▼ is equal to is greater than is less than the security's equilibrium return.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; dogs;