A Black Market Can Emerge for a Good If ________

question 86

Multiple Choice

A black market can emerge for a good if ________.

• A) the good is taxed heavily
• B) there is an excess supply of a good
• C) the consumption of the good is subsidized
• D) the production of the good is subsidized

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Definitions:

Speaker

An individual who gives a speech or oral presentation to an audience, often conveying information, persuading, or sharing ideas.

Ideological Absolutes

Firmly held beliefs or principles that are viewed as unequivocally true or essential, often without considering alternatives.

Ideological Reasoning

This is reasoning that is based on a set of beliefs or ideology rather than empirical evidence.

Test of Relevance

A criterion used to determine the significance or applicability of information to a particular context or argument.