The underground economy refers to
A) transactions in mineral and mining activity.
B) cash payments made in lieu of credit cards.
C) cash payments made in order to avoid documentation of taxable income.
D) hoarding of dollar bills in high-inflation countries.
C
You might also like to view...
Tara buys four music cassettes when the price is $10 and two cassettes when the price is $14 . Her price elasticity of demand is:
a. 0. b. 1. c. 2. d. 3. e. 4.
A deficit nation in a fixed exchange rate system can improve its balance of payments by increasing
A. its money supply. B. its interest rates. C. its level of real GDP. D. aggregate demand.
If economic profits are earned in a competitive market, then over time
A. Normal profit will fall to zero as more firms enter. B. The market supply curve will shift to the left. C. Equilibrium price will rise as more firms enter. D. Additional firms will enter the market.
What does it mean to say the United States has a dual banking system?
What will be an ideal response?