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:
Colonialism
Explanation:
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I think the correct answer from the choices listed above would be the second option. One hundred fifty thousand Canaanites worked on the Temple construction. There were fifty thousand of Israelites who worked on it. Hope this helps. Have a nice day.
Islam originated in Mecca and Medina in the beginning of the 17th century.