Buying at a low price in one market and reselling at a higher price in another market will
A) not generate any profit because of transactions costs.
B) not generate any profit because of transportation costs.
C) eventually eliminate all of the price differences.
D) eventually eliminate most, but not necessarily all, of the price differences.
D
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Which types of expenditures (From the GDP formula) are entirely autonomous, according to Keynes?
Producer surplus is the
What will be an ideal response?
Full marginal-cost pricing of water would lead to
a. More water use and higher water prices b. Less water use but no change in water prices c. Less water use and higher water prices d. Less water use and lower water prices e. More water use and lower water prices
Wayne did not look for another job after he lost his current job. As a result the
A. labor force immediately decreased. B. unemployment rate remains constant for as long as he does not look for another job. C. labor force increased. D. unemployment rate eventually decreased.