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:
<h3>d) step migration across member states to a final destination.</h3>
Explanation:
Step migration is a pattern of migration which was first propounded by Ernst Georg Ravenstein in 1885. He observed that modern migration involves step by step pattern where migrants from rural places slowly moves closer and closer to urban places.
In modern times, transnational migration mostly occurs through step migration. For instance, international students are granted citizenship in the countries where they study if they prove to be skillful and productive. It is a step by step process.
Similarly, permanent citizenship is granted to migrants if they prove to have settled and worked in a member state country of a particular region or union. Here, the refugee entered the European Union in Italy and was housed in Germany for sometime. This shows that he/she has been living in Germany for sometime and therefore, gets asylum and citizenship in Sweden as these countries all belong to the same union and region.
Imperialism is a policy, or a goal, which has as its aim extending one's influence over other countries.
It can lead to a war if the other country, the one that the empire wants to gain control over, resists, or if another empire is interested in it and fights with this empire over this new country.
