Question

23. In the underground economy, cash is usually used to settle transactions given between buyers and sellers. Sometimes, they do this to avoid reporting income to the I.R.S. or to escape the restrictions of a price ceiling.    

TRUE

FALSE

Answer 1

Answer - False

Reason - In the underground economy goods and services are usually used to settle the transactionsnd not the cash. This is people exchange those goods and services which are prohibited by government. So in order to save themselves from. paying tax to the government goods a d services are traded in under ground economy