The degree to which a new casino will have an economic impact reflects the potential
A. legislation.
B. local substitution.
C. addictiveness of gambling.
D. positive externalities.
Answer: B
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Figure 4.4 illustrates the supply of tacos. A decrease in the supply of tacos is represented by a movement from
A) point a to point b. B) point c to point b. C) S0 to S1. D) S2 to S1.
Refer to Table 2.4. The inflation rate for 2012 is
A) -8.22%. B) 8.95%. C) 9.13%. D) 10.89%.
In the 17th century, the Middle colonies:
a. primarily produced crops using slaves on large plantations. b. primarily produced crops that are associated with large economies of scale. c. exported large amounts of wheat and flour to the West Indies. d. are often referred to as "a mercantilist's dream.".
American poverty is more about absolute deprivation, and poverty in the rest of the world is more about relative deprivation.
Answer the following statement true (T) or false (F)