When are black markets likely to arise? A) when the government ...

[Jkov05]

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.

[orangecrush]

Answer to Question 1

B

Answer to Question 2

C

[Jkov05]

Excellent

TYSM