Examlex
Which of the following is most likely to have a large union membership that experiences little import competition?
Arbitrage
The practice of buying and selling the same asset in different markets to profit from price differences without risk.
Low-Price Market
A market characterized by goods or services being offered at relatively low prices, often due to high competition or low demand.
Base Year
A specific year chosen as a point of reference or benchmark in economic indices and other comparisons, with values in other years often expressed relative to this base.
Inflation Rate
How fast prices for goods and services overall go up, causing the value of money to go down.
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