When speed boat sales rise, the city of Las Vegas takes in more revenue. The omitted common variable between these outcomes is likely to be:
A. childhood obesity.
B. prices of Las Vegas flights.
C. increased disposable income.
D. life jacket sales.
Answer: C
You might also like to view...
If tax reduction and simplification are effective, then
A) fewer new firms will be established, since existing firms will make more profit. B) saving and investment in new capital will increase. C) interest rates will rise in financial markets and demand for financial assets falls. D) real wages will rise as labor supply and demand increase.
Explain what the IP curve is and why it is upward sloping
What will be an ideal response?
Survivor bias occurs when data used in a study reflects too broad a sample of the population.
Answer the following statement true (T) or false (F)
Facets of the U.S. government's ethanol program include the following, except:
A. Tariffs on imported ethanol B. Mandated use of ethanol in gasoline C. Subsidies to oil refineries that use ethanol D. Price-ceiling to reduce the price of corn needed to make ethanol