Description of new york consumers

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A newspaper article contains the following description of New York consumers avoiding the state's 8.375 percent sales tax by shopping in New Jersey: For years, shoppers from New York City have played a game of retail arbitrage, traveling to the many malls in northern New Jersey, a state where there is no tax on clothing and shoes. Does this article use the word arbitrage as it is used in this chapter? Briefly explain.

Reference no: EM131024741

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