Wichita is building a convention center and financing it with revenues raised from a city hotel tax. Local politicians assert that the convention center is essentially free for Wichita residents because out-of-town visitors are paying for it
Someone who is practicing the economic way of thinking would disagree because A) they believe that Wichita does not need a new convention center.
B) there are other projects that could be undertaken with the tax funds.
C) the convention center may not pass a marginal cost-benefit test.
D) the hotel tax may lead to a decline in visits to Wichita.
E) the hotel tax may reduce commercial property values in the area.
B
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A. $343 B. $44,600 C. $57,980 D. $34,308
In which of the following countries are citizens required to vote?
a. Greece b. Canada c. United States d. France
The most costly expansion of Medicaid since its inception is referred to as:
a. the 2014 Medicaid expansion. b. SHIP. c. AFDC. d. SCHIP. e. TANF.
Full employment is defined by most economists as the minimization of
A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.