Which example would be considered 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 tenant in a rent-controlled apartment subletting at a higher rent would be considered a black market transaction because it involves illegally charging someone more than the legally allowed rent.

Which Example Would Be Considered a Black Market Transaction