The process of moving goods from lower-priced to higher-priced markets is known as:
A) comparative advantage.
B) arbitrage.
C) purchasing power parity.
D) scalping.
E) pure trade.

Question

Quizplus · Accepted Answer

Arbitrage involves buying goods in one market at a lower price and selling them in another market at a higher price to make a profit. This process takes advantage of price differences between markets.

The Process of Moving Goods from Lower-Priced to Higher-Priced Markets