The illegal buying and selling of products outside of sanctioned channels is referred to as the

A) black market.
B) gray market.
C) red market.
D) white market.
E) blue market.

Question

The illegal buying and selling of products outside of sanctioned channels is referred to as theA) black market.B) gray market.C) red market.D) white market.E) blue market.

Scout Maxheimer · Accepted Answer

Final Answer : A, Explanation :  The black market refers to the illegal buying and selling of goods and services outside of officially sanctioned channels, often to avoid taxes or because the goods themselves are illegal.

The illegal buying and selling of products outside of sanctioned channels is referred to as the

A) black market.
B) gray market.
C) red market.
D) white market.
E) blue market.

Definitions

Learning Objectives

Learning Objectives

Related questions