Answer:
A value-added tax (VAT) is a consumption tax that is levied on a product repeatedly at every point of sale at which value has been added. That is, the tax is added when a raw materials producer sells a product to a factory, when the factory sells the finished product to a wholesaler, when the wholesaler sells it on to a retailer, and, finally, when the retailer sells it to the consumer who will use it.
Answer:
Spain England France
Explanation:
Country-Spain Name of Settlement-St. Augustine
Country-England Name of Settlement-Jamestown
Country-France Name of Settlement-Quebec
Spain present day Florida
England present day Virginia
France present day Canada
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.
A police officer may direct you through a red light in certain specific cases when they are managing the traffic flow. If a police officer is directing the traffic at a particular intersection or lane, they may ask you to go through the red light and it is safe to follow their instruction.
Traffic signals play an important role managing the vehicle flow and preventing accidents. But when an officer is in charge of the vehicle flow, his instructions overrule the traffic signals.
The reasons behind a police officer directing you to go through a red light could be multiple such as an occurrence of an accident, an ongoing construction and many more.
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