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allochka39001 [22]
3 years ago
6

2. Identify one effect of the actions taken by wealthy landowners described in the passage.

Social Studies
1 answer:
sergeinik [125]3 years ago
7 0

It should be noted that one effect of the actions taken by wealthy landowners described in the passage is enclosure acts and consolidation of small farms into large ones owned by a few farmers.

<h3>What is the passage all about?</h3>

The passage, is all about the actions and the way of life of those that are wealthy among the people in society, and these people are land owners.

Therefore, one effect of their actions is the enclosure acts and consolidation of small farms into large ones.

Learn more about passage at;

brainly.com/question/25950911

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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.

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