Black Market Quiz

The given statement suggests that 320 billion dollars worth of illegal drugs are being sold in the black market annually. This indicates a significant global trade in illegal drugs that generates substantial revenue. The answer "True" confirms the validity of this claim, implying that the black market indeed facilitates the sale of such a massive amount of illegal drugs each year.

Transactions in the black market is not recorded and cannot be taxed. There is also no receipt given and can't be accountable for faults.

Half of the workers in the world are involved in the black market.

USA has the biggest black market in the world

The black market was started when the British government introduced rationing of food in World War 2.

The given correct answer is "Be Executed." This means that if someone is caught selling or buying nuclear weapons, they will face the punishment of death. This severe penalty is likely imposed due to the extreme danger and potential catastrophic consequences associated with the possession and trade of nuclear weapons. The authorities consider it necessary to eliminate such individuals from society to prevent the proliferation of these weapons and protect global security.

The correct answer options listed are all commonly known to be sold in the black market. The black market refers to illegal trading or selling of goods and services, often outside of government regulation and control. Human organs, such as livers, are sometimes illegally traded on the black market for transplantation purposes. Sperm can also be sold illegally for various reasons, including fertility treatments. Marijuana is a commonly traded illegal drug, often found in the black market. Lastly, Komodo dragons are endangered species and their sale is illegal, making them a sought-after item in the black market.

During World War 2, the black market thrived due to scarcity and rationing. With limited supplies, people turned to the black market to obtain essential items like food, alcohol, and clothes that were in high demand. The black market became a hub for illegal trading and selling of these goods, allowing individuals to bypass rationing restrictions and acquire items that were otherwise difficult to obtain through legal means.

The producers of the black market produce things through stealing and forced labor. Stealing refers to the act of taking goods unlawfully without permission or payment, while forced labor involves compelling individuals to work against their will. These illegal practices allow black market producers to acquire resources and produce goods without following legal regulations or ethical standards.

The given answer options provide alternative names for the term "Black Market." "System D" refers to an informal economy where goods and services are exchanged outside of the legal framework. "Underground Economy" refers to economic activities that are not regulated or taxed by the government. "Black Economy" is another term used to describe illegal or unreported economic activities. Therefore, all three answer options are correct alternatives for the term "Black Market."