The Act of Buying a Commodity in One Market at a Lower

question 65

Multiple Choice

The act of buying a commodity in one market at a lower price and selling it in another market at a higher price is known as:

• A) buying long.
• B) selling short.
• C) a tariff.
• D) arbitrage.

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Definitions:

Lithotripsy

A medical procedure that uses shock waves or lasers to break down kidney stones or gallstones.

Nephrolithiasis

The medical term for kidney stones, which are hard deposits of minerals and salts that form inside the kidneys.

Renal Colic

Severe pain caused by kidney stones blocking the flow of urine.

Oliguria

A medical term for reduced urine output, usually defined as less than 400 milliliters per day in adults.