There was an extensive black market (illegal market) for many consumer products in the United States during World War II. A likely explanation of the black market is that:
a. the prices of goods were artificially held down by price controls.
b. black markets were legal during the war.
c. goods were not subject to price controls.
d. gasoline rationing greatly restricted civilians from driving to stores.
a
Economics
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Examples of life-cycle wealth include all of the following except
a. homes b. stocks and bonds c. wages and salaries d. automobiles e. personal clothing
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The payroll tax represents
a. the largest source of revenue in the federal budget. b. the second largest source of revenue in the federal budget. c. the third largest source of revenue in the federal budget. d. the largest source of revenue in state government budgets.
Economics