21.Which of the following would not be an external cost associated with gambling? A)The increase in homelessness associated with casinos. B)The single gambler's damaged credit rating. C)The increase... Solved Economics 4 Views Bookmark
11.The evidence of the net economic impact of casino gambling, suggests that it is A)significantly positive. B)modestly negative. C)modestly positive. D)significantly negative. 12.Economic estimates of a “modest upside” to casino... Solved Economics 4 Views Bookmark
Multiple Choice 1.The perception that casinos have a dramatic impact on a local economy is A)without any foundation whatsoever. B)reasonable, given their size but overstated given the degree... Solved Economics 4 Views Bookmark
31.When a new Walmart locates in an area, other retail stores and restaurants often locate nearby, exhibiting whateconomists call Walmart's ________ factor A)“pull” B)“push” C)exponential D)catalogue sales 32.Which of the... Solved Economics 4 Views Bookmark
21.Nationally, the place you are most likely to find a butcher creating special cuts for customers is A)aWalmart or other Superstore. B)a Sams or Costco warehouse... Solved Economics 4 Views Bookmark
11.Theoretically, a firm can enter an industry with low prices, drive out their competition and take advantage of their newly achieved monopoly power to raise... Solved Economics 4 Views Bookmark
Multiple Choice 1.Walmart accounts for ____ of US GDP. A)less than 1% B)2% C)10% D)15% 2.In very small towns where there is only one grocery store, the market form is A)monopoly. B)oligopoly. C)monopolistic competition. D)perfect... Solved Economics 4 Views Bookmark
61.Public employees (more frequently than private employees) tend to have their retirements in A)defined benefit pension programs. B)defined contribution programs. C)Ponzi schemes. D)private savings plans. 62.Private employees (more frequently than... Solved Economics 4 Views Bookmark
51.The Clayton Act was A)declared unconstitutional by the United States Supreme Court. B)repealed by the next Congress. C)vetoed by President Wilson. D)eviscerated by President George W. Bush. 52.Which of... Solved Economics 4 Views Bookmark
41.In Figure 41.4, when compared to the perfectly competitive equilibrium, the number of workers hired as a result of unionization Figure 41.4 A)decreases from L* to L'.... Solved Economics 4 Views Bookmark
31.A labor system whereby a limited number of workers can be certified to work in a particular field but are of higher ability because of... Solved Economics 4 Views Bookmark
21.In Figure 41.2, at the one-employer "company town solution", the number of workers hired will be Figure 41.2 A)L' B)L* C)less than L' D)between L' and L* 22.In Figure 41.2, at... Solved Economics 4 Views Bookmark
11.In Figure 41.1, the money that employers pay their employees at the equilibrium wage-labor combination is Figure 41.1 A)OACL* B)OW*CL* C)0BCL* D)ABC 12.In Figure 41.1, the profit that employers make from... Solved Economics 4 Views Bookmark
Multiple Choice 1.The percentage of workers represented by unions reached its peak in the A)1940's. B)1970's. C)1980's. D)1990's. 2.The peak of union representation in the workforce was A)50% in 1935. B)40% in 1945. C)30%... Solved Economics 4 Views Bookmark
51.Stock market bubbles are A)fiction. B)occur every 3 to 5 years. C)rare but do occur. D)an everyday experience. 52.Which of the following stock market increases is best explained by... Solved Economics 4 Views Bookmark
41.The principal-agent problem exists when A)owners of an asset and the managers of that asset are the same. B)owners of an asset and the managers of that... Solved Economics 4 Views Bookmark
31.During the Asian Financial Crisis, stocks in A)the US fell by 50%. B)Asia rose 150%. C)Europe fell by 50%. D)Asia fell by 50%. 32.During 1999, the NASDAQ increased A)84... Solved Economics 4 Views Bookmark
21.Suppose you hear an investor say “I can’t out guess the maker.” You would understand that person to believe in A)efficient markets. B)prayer. C)the ABC approach. D)technical investing. 22.Suppose an... Solved Economics 4 Views Bookmark
11.If interest rates fall and all else is equal, the price of a stock will A)fall. B)rise. C)remain unchanged. D)adjust to reflect a lower ratio of price to earnings. 12.If... Solved Economics 4 Views Bookmark
1.From 1982 until 2000, stock prices rose dramatically. As measured by the Dow Jones Industrial Average, stocks went from under _____ to above _______ during... Solved Economics 4 Views Bookmark
51.The prospective gain per season to an owner from recruiting a new star play is that player’s A)marginal cost. B)marginal revenue product. C)capital value. D)reservation wage. 52.Existing teams have the... Solved Economics 4 Views Bookmark
41.In NFL football, which of the following forms of revenue is not shared? A)ticket receipts. B)television revenue. C)NFL licensing revenue. D)luxury box revenue. 42.The one major sport to have... Solved Economics 4 Views Bookmark
31.In the era of free agency, small market franchises in baseball A)can only make money when they win games. B)will lose money regardless of whether they win... Solved Economics 4 Views Bookmark
21.The use of public money to attract sports is A)limited to football. B)overwhelmingly in baseball. C)expanding to include spring training baseball sites. D)now causing the Master’s gold tournament... Solved Economics 4 Views Bookmark
11.In general, team owners move to a new city A)to get a new stadium. B)to get more luxury box revenue. C)to win. D)to get a new stadium... Solved Economics 6 Views Bookmark
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