Explain who is arbitrageur

One who buys gold into London and after that sells that instantly in Boston for a higher price is: (1) monopolist. (2) capitalist. (3) speculator. (4) auctioneer. (5) arbitrageur.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : In the quintile distribution of income

In the quintile distribution of income, the term "quintile" represents

Q : Production-Altering the chemical and

Can someone please help me in finding out the accurate answer from the following question. The production which modifies the chemical or physical structures of a good produces utilities of: (1) Substance. (2) Place and time. (3) Form. (4) Possession.

Q : Problem on Agency Shop The union

The union strategy which prevents the non-union employees of the firm from being free riders is to negotiate a contract which needs the firm to be a/an: (i) Agency shop. (ii) Open shop. (iii) Collective bargaining shop. (iv) Closed shop. (v) Union shop.

Q : Least probable resource for supply curve

The resource least probable to conform to the supply curve demonstrated in this figure would be: (w) land. (x) capital. (y) labor. (z) entrepreneurship.

Q : Different forms of capital account

Different forms of capital account transactions: A) Private Transactions: There are transactions which affect the liabilities and assets of individuals.

Q : Types of elasticity of supply Types of

Types of elasticity of supply: There are five kinds of elasticity of supply:1. Perfectly elastic supply:

Q : Properties of production possibilities

Describe properties of the production possibilities curve.

Q : Graphical Production Possibilities

Can someone please help me in determining the right answer from the following question. The production possibilities frontier is a graphical device exhibiting the: (i) Alternative allocation methods accessible to society. (ii) Combinations of goods wh

Q : Problem on Labor Union Goals Can

Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs

Q : Demand curve at the current market price

The demand curve faced through a purely competitive firm at the current market price of: (i) negatively sloped. (ii) horizontal. (iii) perfectly inelastic. (iv) rectangularly hyperbolic. (v) positively sloped.

Discover Q & A

Leading Solution Library

Avail More Than 1453890 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1960155
Asked

3,689

Active Tutors

1453890

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment