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Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
1.3 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.
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