An example of a black market is
A) a retail market.
B) a discount market.
C) scalping.
D) barter.
C
You might also like to view...
In 2014, which type of tax raised the most revenue for the U.S. federal government? Which type of tax raised the most revenue for state and local governments?
What will be an ideal response?
Given the information in the table above. If these two countries trade these two goods with each other in context of the Ricardian model of comparative advantage, what is the lower limit for the price of cloth?
What will be an ideal response?
The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. If a $1 tariff is imposed on imported rice, the change in consumer surplus is
A) c + d. B) c + d +g. C) a + b + c + d. D) f + g.
Figure 10.4 Federal Surplus or Deficit as a Percent of GDP
What will be an ideal response?