If the Price of Yoo-Hoo Is $2 in New York

question 132

Multiple Choice

If the price of Yoo-hoo is $2 in New York and $1 in St. Petersburg, Russia (after converting the rubles to dollars) , you might expect:

• A) people to buy Yoo-hoo in St. Petersburg and sell it in New York until the price was the same in each country.
• B) people to buy Yoo-hoo in New York and sell it in St. Petersburg until the price was the same in each country.
• C) people to buy Yoo-hoo in St. Petersburg and sell it in New York and the price difference would remain.
• D) the price difference to exist forever.
• E) None of these answers is correct.

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, releasing oxygen as a byproduct.

Euphotic Zone

The layer of a body of water that is sufficiently lit by sunlight, allowing photosynthesis to occur.

Bathyal Zone

The bathyal zone refers to the oceanic depth range from 200 to 4000 meters below the surface, characterized by limited sunlight and cooler temperatures, inhabiting a unique marine life.

Coastal Zone

The interface between land and water, including the shoreline and adjacent land areas that directly affect or are affected by marine processes.