The underground economy refers to
a. all market activity that goes unreported to the government
b. all market activity that is not subject to government taxation
c. all illegal activity
d. transactions between U.S. citizens and foreign nationals
e. rent-seeking activities on the part of private citizens
A
Economics
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Given total cost and the quantity of output, marginal cost and average cost can be determined.
Answer the following statement true (T) or false (F)
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The term "sticky downwards" is used to describe the tendency of ________.
A. employment to resist downward movements. B. wages and prices to resist downward movements. C. the economy to recover slowly D. inflation to remain low
Economics