The percentage of all gambles that casinos are expected to win is called the
A. vig.
B. cost.
C. hit.
D. sugar.
Answer: A
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The graph shown portrays a subsidy to buyers. The subsidy causes:
A. 50 more units to be sold in this market.
B. 150 more units to be sold in this market.
C. 100 fewer units to be sold in this market.
D. 50 fewer units to be sold in this market.
Economist B believes that if tax rates are cut, tax revenue is likely to fall. This economist most likely believes that the percentage decrease in tax rates will ______________________________ percentage rise in the tax base
A) be larger than the resulting B) be equal to the resulting C) be smaller than the resulting D) occur long after the E) a and d
All of the following are cited as factors in explaining U.S. competitiveness EXCEPT
A. the open U.S. financial system. B. economic restructuring. C. the decline of entrepreneurship. D. investments in information technology.
Disposable income is National income
A) less taxes collected from households and firms by the government. B) plus net taxes collected from households and firms by the government. C) less net taxes collected from firms by the government. D) less net taxes collected from households by the government. E) less net taxes collected from households and firms by the government.