Arbitrage refers to the act of:
a. buying low in one market and selling high in another market.
b. buying high in one market and selling low in another market.
c. decreasing the market concentration of a firm in an economy.
d. increasing the market power of a firm in an economy.
a
You might also like to view...
A change in which of the following variables does not cause a change in demand?
a. prices of unrelated goods b. incomes of demanders c. the number of demanders d. tastes of demanders
The cause of the "greenhouse effect" is the
a. increasing use of glass in construction. b. growth of desertification. c. burning of "fossil fuels." d. decline in carbon dioxide in the atmosphere.
Which of the following would a person who believed in the doctrine of laissez faire disapprove of?
(A) The invisible hand of the marketplace. (B) Government funding of education. (C) Self-interest as the motivating force in the free market. (D) Consumer sovereignty.
A fair coin is flipped. You will be paid $1 when it is heads and penalized $1 otherwise. What is the variance of the payoffs?
A. 0.25. B. 0. C. 1. D. 0.50.