On Commodity Exchange a It Is Possible to Buy and Sell

question 94

Multiple Choice

On Commodity Exchange A it is possible to buy and sell crude oil at $117 per barrel,while on Commodity Exchange B crude oil can be bought and sold at $118 per barrel.If there are transaction costs of 1% when buying or selling on either exchange,what is the net effect of buying a barrel of oil on Exchange A and selling it on Exchange B?

• A)-$1.35
• B)-$0.17
• C)$0.99
• D)$1.01

Explain the reasons behind immigration to the United States.

Describe the complementary relationship between different types of workers in the context of immigration.

Define and understand the concepts of backflows and 'beaten path' in international migration.

Evaluate the fiscal impacts of illegal immigration on local and state governments.

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Definitions:

Principal's Liability

Principal's liability is a legal concept where the principal (employer) is held responsible for the actions of their agents or employees performed within the scope of their employment.

General Rule

A principle or guideline that applies broadly or is commonly accepted as a basis for decision-making.

Implied Authority

The power assumed to be held by an agent as it is necessary to carry out his or her express authority.

Apparent Authority

The perception created by the actions of a principal, leading third parties to believe that an agent has authority to act on behalf of the principal.