Prices for many goods are higher in the city of shenzhen on the mainland of china than in the city of hong kong. an article in the economist notes that "individuals can arbitrage these differences through what effectively amounts to smuggling." source: "restrictions on travel to hong kong by shenzhen residents," economist, april 13, 2015. the article means that individuals cana. a buy the product in hong kong and sell it in shenzhen so eventually the price in shenzhen will decrease and the price in hong kong will increase. b. buy the product in shenzhen and sell it in hong kong so eventually the price in hong kong will decrease and the price in shenzhen will increase c. rely on differences in demand for the product to even out the price changes. d. buy the product elsewhere in the world and sell t in these two markets ultimately, you would expect the result of individuals engaging in this arbitrage to be similar

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u. s. parent on bank deposits held in london d. interest received by a u. s. parent on a loan to a subsidiary in mexico e. principal repayment received by u. s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u. s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Your own record of all your transactions. a. check register b. account statement