Economic arbitrage occurs when businesses from wealthy nations trade with businesses from poor nations.
- In order to profit from a price differential, an investor will use the investment method of arbitrage to simultaneously buy and sell an asset in other marketplaces. The returns can be impressive when multiplied by a high volume, despite the fact that pricing variations are often tiny and transient.
- As an illustration, the stock of a phone firm trades on the NYSE for $25. It trades for $25.50 in the Shanghai Stock Exchange at the same time. The arbitrageur purchases the stock from the NYSE and sells it right away on the Shanghai market for a 50 cent profit.
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Hello. This question is incomplete. The full question is:
Ozzy recently started working at a new company. He has been solicited several times to join the union of the company, but he would prefer not to. The union officials tell Ozzy that he won’t be allowed to keep working unless he joins the union. Which of the following is true?
-The union officials are pretending they have a closed shop and can't influence Ozzy's decision.
-The union can't make Ozzy join the union, but it can require him to pay union dues.
-Ozzy must now join the union because union shops are always legal.
-Ozzy's requirement to join the union depends on his state of employment.
Answer:
-The union can't make Ozzy join the union, but it can require him to pay union dues.
Explanation:
There is a law called the National Labor Relations Act that states that no employee should be required to be part of the union and that membership in the union should not be placed as a requirement for the occupation of a particular labor function. However, some states and some companies may adopt different approaches to their employees and the union.
In some states in the country, although an employee is not required to become a member of a union, they allow an obligation for all employees to be required to pay at least part of the union's dues. In this case, we can say that in relation to the case shown in the question above, the union can't make Ozzy join the union, but it can require him to pay union dues.
It was left in the hands of the executive branch to solve
