Author Question: When are black markets likely to arise? A) when the government removes a price floor B) when the ... (Read 137 times)

Jkov05 · **on:** Jun 29, 2018

When are black markets likely to arise?

A) when the government removes a price floor
B) when the government enforces a price ceiling
C) when there is a surplus of a good
D) when the quantity supplied of a good exceeds the quantity demanded

Question 2

The fastest-growing part of the federal budget is

A) national defense.
B) payments for services rendered.
C) entitlements.
D) government salaries.