The act of buying a commodity in one market at a lower price and selling it in another market at a higher price is known as:
a. buying long.
b. selling short.
c. a tariff.
d. arbitrage.
d
Economics
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Adam Smith's book, Wealth of Nations was published at the time of the
Economics
If ABC Printing is producing an output level of 100, where MR is $5 and MC is $3, then the firm is:
a. maximizing total profit. b. making too much profit. c. making $200 total profit. d. making $200 total loss. e. making an unknown amount of profit or loss.
Economics
Why does this graph show P1, but not P2?
a. The price does not change.
b. The price change is so small it is not worth showing.
c. The price change fails to affect demand.
d. The price change fluctuates constantly.
Economics
A commercial bank like Comerica creates money by
A) printing paper money. B) earning profits. C) selling corporate bonds. D) making loans.
Economics