You See on Craigslist That a Used XBOX 360 Sells

question 43

Multiple Choice

You see on Craigslist that a used XBOX 360 sells for $100 and a new XBOX 360 sells for $300. Is this an arbitrage opportunity?

• A) No, because the market fora used XBOX 360 is not the same as the market for a new XBOX 360.
• B) No, because the market for a used XBOX 360 is a competitive market.
• C) Yes, because the market for a used XBOX 360 is a competitive market.
• D) Yes, because the market for a used XBOX 360 is not the same as the market for a new XBOX 360.

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Definitions:

Nativist Organization

Groups advocating for the prioritization of native-born inhabitants over immigrants, often expressing opposition to immigration based on cultural, economic, or security concerns.

Immigration Laws

Regulations established by a country to control the right of entry, residence, and citizenship of people from other countries.

Immigration Restriction Bill

signifies legislation aimed at limiting or controlling the number of immigrants allowed to enter a country.

Grover Cleveland

The 22nd and 24th President of the United States, known for his non-consecutive terms and reform-oriented presidency.