Illegal Markets
Tools to Measure Eco.
Imperfections of supply + demand
Incentives + job market
100

What are back channel markets called

What are Black Markets

100

Whats the difference between GDP and real GDP

What is real GDP accounts for inflation 

100

How much variety exists in perfect competition

What is None

100

When was our last recession in America  

What is 2008

200

Illegal markets provide employment opportunities

What is Yes

200

What measures economic growth and total value of all goods and services

What is GDP

200

Is America in perfect competition

What is false 

200

Inflation:

Increases costs of goods and services 

300

What might cause illegal markets to grow

What are Restrictions/Economic struggles 
300

GDP stands for:

What is Gross Domestic Product

300

Can externalities be positive

What is truye


300

Incentives can be negative or positive 

What is true

400

Examples of how illegal markets breach traditional supply and demand   

What is smuggling goods and services

400

CPI stand for:

What is Consumer price index

400

Is pollution a negative Externality  

What is Yes

400

Incentives are:

Economic means to motivate consumers to act a certain way

500

What is a "positive" of illegal markets 

Provides desperate needed jobs

500

What Economic device measures inflation

What is CPI

500

What was included in the slide "Imperfections of Production"

What is externalities and competition 

500

An example of Incentive covered in slideshow

What is Rationing 

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