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Theefficient-markethypothesis(EMH)isahypothesisinfinancialeconomicsthatstatesthatassetpricesreflectallavailableinformation.,Theexternalefficiencyofaneducationalsystemismeasuredbylookingatthesuccessthatthegraduatesofdifferentlevelsofeducationhavei...
When a market is externally efficient it means that a
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a.Timelyandaccurateinformationisavailableb.Themarketisliquidc.Transactioncostsarelowd.Pricesadjustrapidlytonewinformatione.
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