The correct answer is B. Buying a good in one market and selling it in another for a profit.
Explanation:
The term "arbitrage" is used in the economy and similar contexts to describe the process in which a person, company or similar profits due to the differences in prices in different markets. This commonly implies an asset, product or service is bought in one market at a low price and then this is sold into a different market at a higher price which implies profit for the entity or individual that buys and sells the good. For example, a company or individual can buy a certain product in a foreign market where is cheaper due to the price of the foreign currency or changes in prices and then sell this at the local level. Therefore, arbitrage refers to buying a good in one market and selling it in another for a profit.
Answer:
(1) Skinner’s utopian society ought to be rejected.
Explanation:
The sentence that expresses the conclusion of the argument is, <em>Skinner’s utopian society ought to be rejected</em>. "The sort of society Skinner proposes in Walden Two is a non-competitive, lifeless society that lacks creativity and imagination. It also lacks the conditions that make for festivity and fantasy, two significant human traits. The type of society that Skinner proposes would turn people into robots. Skinner’s utopian society ought to be rejected."
Answer:
An example of a natural monopoly is tap water.
Explanation:
A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it is impractical to have more than one firm producing the good.
1783 es el fine de la epoca colonial
