Which of the Following Is an Example of a Black-Market

question 117

Multiple Choice

Which of the following is an example of a black-market transaction?

• A)A person buys a hotdog on a street corner.
• B)A person buys a product at a price greater than the government-imposed ceiling price.
• C)A person buys a product at a price below the government-imposed ceiling price.
• D)A person places a bet at a racetrack.
• E)A person buys a product at a price greater than the government-imposed price floor.

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Definitions:

Theory of Planned Behavior

A theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes, subjective norms, and perceived behavioral control.

Intention Regarding Behavior

A person's commitment or decision to perform a specific behavior or action.

Attitude

A psychological construct representing an individual's degree of like or dislike, favor or disfavor, toward an object, person, thing, or event.

Self-Efficacy

An individual's belief in their own ability to complete tasks and achieve goals, affecting motivation and performance in various settings.