Which of the following is an example of a black market transaction?
A) a tenant in a rent-controlled apartment subletting at a higher rent
B) the purchase of an inferior radio at a department store
C) waiting in line during the gasoline shortages of the 1970s
D) the oil market

Question

Quizplus · Accepted Answer

A black market transaction involves the illegal buying or selling of goods or services. Subletting a rent-controlled apartment at a higher rent is illegal and thus an example of a black market transaction.

Which of the Following Is an Example of a Black