Buying at a low price in one country to sell at a higher price somewhere else to make a profit is called the law of one price.

Question

Quizplus · Accepted Answer

Buying at a low price in one country to sell at a higher price somewhere else to make a profit is called arbitrage, not the law of one price. The law of one price states that identical goods should have the same price in different markets after accounting for exchange rates and other transaction costs.

Buying at a Low Price in One Country to Sell