The Indianapolis Motor Speedway hosts the Indianapolis 500 and the Brickyard 400, in addition to other races. During their respective peaks, both events were sellouts. During the late-1990s, the Indianapolis 500 experienced a dry period with 100,000 or more empty seats. This is evidence that the ticket prices were too high.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which of the following is a feature of the scientific method?
A) The scientific method is not based on data, statistics, or measurements. B) The scientific method allows improvisation and correction of inconsistent models. C) The scientific method enables the creation of perfectly accurate models of the real world. D) The scientific method is used only for studying topics related to economics.
Economic growth will
A) shift the production possibilities curve inward. B) shift the production possibilities curve outward. C) shift along the production possibilities curve toward the X-axis. D) be a movement from inside the productions possibilities curve to the curve itself.
The tax base is
A) the minimum amount of tax revenue that government must collect each year. B) the maximum amount of tax revenue that government must collect each year. C) the sum of all incomes earned in the United States. D) the value of all goods, services, incomes, or wealth subject to taxation.
How do expectations about the future by households and businesses affect the effectiveness of fiscal policy? Cite examples.
What will be an ideal response?