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Author Question: Economists refer a to a market where buying and selling take place at prices that violate government ... (Read 185 times)

Chloeellawright

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on: Jun 29, 2018
Economists refer a to a market where buying and selling take place at prices that violate government price regulations as
 
  A) a noncompetitive market. B) an outlaw market.
  C) a black market. D) a restricted market.

Question 2

When the government imposes a tax equal to the external cost of producing a product that causes pollution, the government is said to externalize the externality.
 
  Indicate whether the statement is true or false
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Beatricemm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


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