Question 1 :1 point: Semistrong form efficiency implies: I a] All historical market information, including prices and volume. is included in the price. I b] All information, both public and private is already incorporated in the price. I c} Superior returns may be obtained by the analysis of past prices and volumes. d] All public information is already incorporated in the price. Question 211 point]- Which ofthe following is NOT an empirical challenge to market efficiency? I a] small stocks tend to outperform large stocks I b] value stocks tend to outperform growth stocks I c] investors appear to react slowly to earnings announcements di stocks sometimes return more than their expected return s, and at othertimes return less than their expected returns Question 3 [1 point]- Which ofthe following should not lead to an increase in market efciency? I a] Information is available faster I b] Infon'nation is available at a lower cost cjl There are more assets {for example, number of stocks) in the market for the same number of market participants I d] There are more participants in the markets for the same number ofassets Question 411 polnt] An exchange rate regime is one under which rates of exchange are determined in the market on the basis of predominantly private transactions is called: YUGOLIVIIT / & PL Consider the imperfect competition market structures of monopolistic competition and oligopoly. In which market structure(s) will we likely see firms taking advantage of large economies of scale? O Monopolistic competition O Oligopoly O Both of the above O None of the above Question 50 2 pts Consider the imperfect competition market structures of monopolistic competition and oligopoly. In which market structure(s) will we see firms trying to maximize their profits? O Monopolistic competition Oligopoly O Both of the above O None of the aboveWhat market structures share the characteristic of many buyers and sellers? O perfect competition and monopolistic competition O Perfect competition is the only market structure with many buyers and sellers. O perfect competition and oligopoly O perfect competition and monopolyBecause fluctuations in the world oil price make the U.S. short-run macroeco- comic equilibrium fluctuate, someone suggests that the government should vary the tax rate on oil, lowering the tax when the world oil price rises and increasing the tax when the world oil price falls, to stabilize the oil price in the US. market. 4. How would such an action influence aggregate demand? 5. How would such an action influence aggregate supply?(similar to) Question Help (CAPM and expected returns) a. Given the following holding-period returns, . compute the average returns and the standard deviations for the Zemin Corporation and for the market b. If Zemin's beta is 1.32 and the risk-free rate is 7 percent, what would be an expected return for an investor owning Zemin? (Note: Because the preceding returns are based on monthly data, you will need to annualize the returns to make them comparable with the risk-free rate. For simplicity, you can convert from monthly to yearly returns by multiplying the average monthly returns by 12.) C. How does Zemin's historical average return compare with the return you believe you should expect based on the capital asset pricing model and the firm's systematic risk? a. Given the holding-period returns shown in the table. the average monthly return for the Zemin Corporation is 5% (Bound to two decimal places. ) i Data Table X Month Zemin Corp Market 7% GUAUNE Print Done Enter your answer in the answer box and then click Check Answer. Check Anniver Clear All 6 parts remaining W e DELL(3)(a) Some have defined economics as a science of scarcity and yet others have defined it as a science of choice. Are these definitions mutually exclusive? Explain (b) Is it true that all societies face the same fundamental economic problem of scarcity? If this is not the case explain why. If it is true then explain why there are differences in economic systems