_____ sectors of the economy are transactions that arise outside the legitimate sector of a country's economy.
A)Gray and black
B)Gray and white
C)Gray and blue
D)Gray and green
E)Gray and yellow

Question

Quizplus · Accepted Answer

The gray and black sectors of the economy refer to transactions that occur outside the legitimate, formal sector. The gray market involves legal goods and services traded through unauthorized, unofficial, or unintended channels, while the black market deals with illegal goods or services or the illegal trade of legal goods.

_____ Sectors of the Economy Are Transactions That Arise Outside