Taking Advantage of Price Differences for the Same Good by Buying

question 182

Multiple Choice

Taking advantage of price differences for the same good by buying low in one market and selling high in another market is called:

• A) sabotage.
• B) fuselage.
• C) arbitrage.
• D) seigniorage.

---

Definitions:

Carbon-14 Dating

A method for determining the age of an object containing organic material by measuring the levels of carbon-14, a radioactive isotope.

Neanderthals

An extinct species or subspecies of archaic humans who lived in Eurasia until about 40,000 years ago, closely related to modern humans.

Coexisted

Refers to the occurrence of two or more species, populations, or entities living together in the same environment at the same period in time.

Darwin

Charles Darwin, a 19th-century naturalist known for his contributions to the science of evolution and the theory of natural selection.