The Law of One Price states that if equivalent goods or securities are traded simultaneously in different competitive markets, they will trade for the same price in each market

Indicate whether this statement is true or false.


Answer: TRUE

Business

You might also like to view...

Use the information below to answer the following question(s):Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On January 1, Year 1, Craig Corporation began operations by issuing 5,000 shares of $6 par value stock at $12. 

What will be an ideal response?

Business

The process of breaking down product family requirements into individual end items is called ______.

A. disaggregating B. aggregating C. netting D. explosion of BOM

Business

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

A. not published in American Federal Tax Reports. B. settled out of court. C. not published in the Federal Supplement. D. not published in United States Tax Cases.

Business

The first three rooms took The Painter a total of 9 hours to paint. If the learning curve rate is 85%, how long will it take The Painter to paint all 20 rooms in Stately Wayne Manor?

A) less than 20 hours B) between 20 and 30 hours C) between 31 and 40 hours D) more than 40 hours

Business