In relation to prices that would prevail in an uncontrolled market, prices charged by a black market are usually
a. lower, since it is hard for the sellers to locate buyers.
b. lower, since it is hard for the buyers to locate sellers.
c. higher, since black marketers expect compensation for the risk of being caught.
d. higher, since most people enjoy goods more if they are illegal.
c
Economics
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Refer to Table 9-1. The unemployment rate for this simple economy equals
A) (100/1,100 ) × 100. B) (100/20,000 ) × 100. C) (100/15,000 ) × 100. D) (100/1,000 ) × 100.
Economics
Prior to the 1980s ________
A) the hourly wage of women exceeded that of their male counterparts B) the employment ratio for women was equal to that of men C) a majority of women were not in the labor force D) the majority of men were not in the labor force
Economics