Activities that go unreported to the government in order to avoid paying taxes or because the activity is illegal are known collectively as the

a. non-profit sector
b. federal sector
c. illegal economy
d. special-interest category
e. underground economy

E

Economics

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A ________ is a formal organization of producers who agree on anticompetitive actions

A) duopoly B) cartel C) monopoly D) partnership

Economics

A general increase in the price level is called:

A. hyperinflation. B. deflation. C. inflation D. devaluation.

Economics