Which of the following is an example of a black-market transaction?
a) A person buys a product at a price greater than the ceiling price.
b) A person buys a product at a price below the ceiling price.
c) person buys a hotdog on a street corner.
d) A person buys a product at a price greater than the price floor.
e) A person places a bet at a racetrack.
Ans: a) A person buys a product at a price greater than the ceiling price.
You might also like to view...
Which of the following statements is true?
a. The Securities and Exchange Act of 1934 regulates intrastate stock offerings made by a company b. The Securities Act of 1933 regulates the subsequent public trading of securities through brokers and markets c. The Securities Exchange Act of 1934 is commonly referred to as blue sky legislation d. The Securities Act of 1933 regulates the initial offering of securities by a company.
All of the following would be considered involuntary alienation except:
a. foreclosure b. eminent domain c. devise d. adverse possession