The question of legality in daily fantasy comes down to
A. how big the bet is.
B. whether it is a game of skill or chance. It is usually illegal if it is a game of chance.
C. whether the points system is transparent.
D. whether it is a game of skill or chance. It is usually legal if it is a game of chance.
Answer: B
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A large and diverse community has suffered a two-month drought
In attempting to deal with the crisis, four identifiable groups emerge: one decides to pray, a second decides to engage in a rain dance, a third decides to use modern meteorological principles and "seed" the clouds, and a fourth decides to do nothing. From the standpoint of economic theory, A) individuals in the first and second groups are acting irrationally and inefficiently. B) individuals in each group are acting efficiently, given their own values and understanding of ends and means. C) the third group is the smartest. D) the fourth group is the most selfish.
Distinguish between a change in quantity supplied and a change in supply
What will be an ideal response?
The split between the AFL and the CIO in 1935 had to do with
A. whether unions were to be organized along craft lines or industry lines. B. whether the unions were to pursue political goals or economic goals. C. communist influence in the American labor movement. D. corruption in the American labor movement.
How much is the average propensity to consume when disposable income is $800 billion?
A. 0
B. .25
C. .5
D. .75