Black markets are associated with:
A. price floors and the resulting product surpluses.
B. price floors and the resulting product shortages.
C. ceiling prices and the resulting product shortages.
D. ceiling prices and the resulting product surpluses.
Answer: C
Economics
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The euro is
A) the currency of all nations in Europe. B) the rate at which the French central bank makes discount loans. C) a common currency of many European countries. D) the name of the European central bank.
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The right to private property and ability to exchange goods and services freely is known as
A) political freedom. B) economic freedom. C) constitutional freedom. D) external freedom.
Economics