What kinds of goods and services are traded on black markets?

The kind of goods and services traded in black markets are those that are illegal or are characterized by some kind of noncompliance to established rules and norms. These include counterfeits, drugs, prostitution and human trafficking. The black market is a big component of the illegal economy

All types good and services are traded on the black market. The black market is like amazon but bigger, it sells cars, T.V.s, and other products that you would expect. Some good and services can be illegal such as drugs, weapons, and other illegal things like human trafficking.

the 5th amendment is about the justice system

explanation:

there is no double jeopardy

due process

grand jury

and that you can’t incriminate yourself

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.