A black market is
a. a market that operates outside the legal system, either by selling illegal goods or by selling goods at illegal prices.
b. a market where goods and services can be obtained at lower prices.
c. a government-mandated market where controls are placed on prices.
d. a market where exchanges are made using bartering.
A
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In absolute terms and relative to other countries, what happened to U.S. growth rates in productivity as measured by output per paid hour in the late 1960s and 1970s?
(a) They increased. (b) They stayed the same. (c) They fell. (d) They fell early on and then increased past their previous levels.
Many manufacturers sell products labeled as having imperfections at a discount at their factory outlets but do not ship these imperfect goods to regular retail outlets. Why?
What will be an ideal response?