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Underground Economy: Definition & Examples Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one is not commonly found in the underground economy?

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1. State laws have been created so that consumers have to pay taxes on what in order to minimize the effects of the underground economy?

2. Who is being affected by not having any documentation that would hold up in court?

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About This Quiz & Worksheet

This quiz and corresponding worksheet examine your understanding of the underground economy. Be prepared to identify professions typically found in the underground economy, and how employee benefits are impacted.

Quiz & Worksheet Goals

The quiz and worksheet test your knowledge on the following:

  • Contributors to the underground economy
  • 'Under the table' pay
  • Laws enacted as a result of the underground economy

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related economics lesson
  • Making connections - connect the concepts of employee benefits with cash payments
  • Information recall - access the knowledge you've gained regarding who is affected by court documentation

Additional Learning

To learn more about the underground economy review the accompanying lesson entitled Underground Economy: Definitions & Examples. This lesson covers the following objectives:

  • Define underground economy
  • Industries involved in the underground economy
  • Identify how payment is typically received in the underground economy
  • Examine how this practice can harm consumers
  • Understand how this can affect government programs
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