When the Law of One Price Is Violated in That

question 36

Multiple Choice

When the law of one price is violated in that the same good is selling for two different prices,an opportunity for what type of transaction is created?

• A)return-to-equilibrium transaction
• B)risk-assuming transaction
• C)speculative transaction
• D)arbitrage transaction
• E)none of the above

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Definitions:

Ethnomethodologists

Ethnomethodologists study how people use everyday interactions to construct a shared social order and make sense of the world around them.

Sociologists

Scientists who study social behavior, social institutions, and patterns of social relationships within human societies.

Daily Life

The routine existence or everyday activities and experiences of individuals.

Ethnomethodologists

Researchers in the field of sociology who study the methods people use in everyday life to perceive, analyze, and make sense of their social world.