Suppose You Observe a Vendor Selling Peanuts Just Outside the Ballpark

question 21

Essay

Suppose you observe a vendor selling peanuts just outside the ballpark for $1.00 a bag.
Inside the ballpark, vendors are selling peanuts for $3.50 a bag. You take orders from
those sitting around you, quoting a price of $2.00 a bag and collecting the money in
advance. You then go out to the street vendor and purchase enough bags for $1.00 to
fulfill the orders and use your ticket stub to re-enter the ballpark. Is this an example of
an arbitrage or is it just a "great bet"?

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Definitions:

Locomotion

Movement from one place to another.

Neuron's Cell Body

The part of a neuron that contains the nucleus and the bulk of the cytoplasm, responsible for the cell's metabolic activity.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Pincer Grasp

The coordination of the index finger and thumb to hold an item, an important developmental milestone in infants.