The APT Is Based on the Law of One Price

question 73

True/False

The APT is based on the law of one price, which states two identical assets cannot sell at different prices.

---

Definitions:

California Missions

A chain of religious and military outposts established by Spanish Franciscans in the 18th century to spread Christianity among local Native Americans in what is now California.

Polygamy

The practice of marrying multiple spouses simultaneously, recognized in some cultures and religions but illegal in many countries.

Deseret

A provisional state proposed by Mormon settlers in what is now Utah in the mid-19th century, reflecting their aspiration for a degree of autonomy and governance according to their beliefs.

Family Farms

Agricultural operations that are owned and run by families, rather than corporations, often passed down through generations, and play a key role in the production of food on a local or small scale.