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Author Question: Both a parallel market and a black market are free markets permitted to coexist with the official ... (Read 106 times)

tuffie

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on: Jun 30, 2018
Both a parallel market and a black market are free markets permitted to coexist with the official market.
 
  Indicate whether the statement is true or false

Question 2

Following the imposition of the Smoot-Hawley tariff
 
  A) international trade continued to expand.
  B) more than 40 countries imposed higher tariffs of their own.
  C) employment in the United States expanded rapidly.
  D) Two of the above.


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scikid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

FALSE
Explanation: Black market is an illegal market, but parallel market is permitted.

Answer to Question 2

B


tuffie

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Reply 2 on: Jun 30, 2018
Excellent

dantucker

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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