A market where goods are sold in violation of governmentally-imposed restrictions is a(n)
A) black market.
B) export market.
C) rent-seeking market.
D) deadweight market.
A
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As the expected future exchange rate for dollars increases
A) the demand for U.S. dollars increases. B) the supply of U.S. dollars decreases. C) both the demand for U.S. dollars and the supply of U.S. dollars increase D) Both answers A and B are correct.
Which one of the following reduces inequities resulting from the public debt?
a. regressive tax system b. bond purchases by the Federal Reserve c. 30-year Treasury securities d. progressive income tax system e. private savings
In the diagram above, at the market equilibrium price, what is the consumer surplus?
a. A b. B c. C d. D e. none of the above
When the purchasing power of currencies is the same,
A) interest parity holds. B) currencies cannot change in value C) the real exchange rate is equal to the nominal exchange rate. D) interest rates are the same.