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    Exam 12: Open-Economy Macroeconomics: Basic Concepts
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    What Terms Refers to the Process of Taking Advantage of Different
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What Terms Refers to the Process of Taking Advantage of Different

Question 49

Question 49

Multiple Choice

What terms refers to the process of taking advantage of different prices for a good in different markets?


A) arbitrage
B) absolute advantage
C) capitalism
D) the law of one price

Correct Answer:

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