The practice of buying a firm's good in one market at a low price and selling it in another market for a higher price in order to profit from the price difference is known as
a. Predatory pricing
b. Price collusion
c. Arbitrage
d. Mark-up pricing
c
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Which of the following is an effective counter argument to the claim that protectionism saves domestic jobs?
A) Protectionism eliminates domestic jobs in export industries. B) Imports create jobs in this country for people selling and servicing imported items. C) The cost of saving domestic jobs through protectionism may be high. D) all of the above
The figure above illustrates the effect of
A) an increase in real GDP. B) a decrease in real GDP. C) an increase in the monetary base. D) a decrease in the monetary base.
What does diminishing marginal utility imply about the shape of a person's demand curve? Explain
What will be an ideal response?
________ refers to a government's failure to repay its debt
A) Intolerance B) Distortion C) Seignorage D) Repudiation