Info
Warning
Danger
/ Homework Answers / Economics / Multiple Choice 1.The perception that casinos have a dramatic impact a

Question

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 of local substitution.

C)reasonable, and in fact, understated.

D)reasonable, and exactly on the mark.

2.U.S. casinos serve ____ people per year

A)1 million

B)5 million

C)76 million

D)250 million

3.U.S. casinos employ _____ people.

A)37,000

B)340,000

C)1 million

D)10 million

4.The city in which a new casino is likely to have the greatest economic impact would be

A)Las Vegas (where many already exist).

B)St. Louis (where three already exist).

C)Kansas City (where two already exist).

D)DentonTX (north of Dallas, where no casinos already exist).

5.The city in which a new casino is likely to have the smallest economic impact would be

A)Las Vegas (where many already exist).

B)St. Louis (where three already exist).

C)Kansas City (where two already exist).

D)DentonTX (north of Dallas, where no casinos already exist).

6.The degree to which a new casino will have an economic impact reflects the potential

A)local substitution.

B)the addictiveness of gambling.

C)positive externalities.

D)legislation.

7.If a city, like Denver, that is quite far from the nearest other urban area, were to add a casino, the “local substitution” argument would suggest that there would be

A)a moderate economic downside.

B)a significant economic upside.

C)a moderate economic upside.

D)a significant economic downside.

8.If “local substitution” is complete, then the economic impact of a casino is

A)significantly negative.

B)zero.

C)moderately negative.

D)moderately positive.

9.If a new casino comes to a city that already has one, which economic impact has little to no “local substitution” offsets to consider

A)the construction costs.

B)the employment at the casino.

C)the employment at restaurants near the casino.

D)the purchase of souvenirs at the casino.

10.If a casino locates in a small suburban/rural area within 20 miles of a larger city that already has a casino, the degree of “local substitution” is likely to be

A)nearly zero.

B)nearly complete.

C)actually negative.

D)significant.

Solution
5 (1 Ratings )

Solved
Economics 1 Month Ago 136 Views
This Question has Been Answered!
Premium Content -

Unlimited Access

Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Better Grades!

Ask an Expert

Our Experts can answer your tough homework and study questions
112045 Economics Questions Answered!
Post a Question

Welcome Back!

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Forgot?
Login
Don't have an account? Signup

Join ScholarOn

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Signup
By registering, I agree to the Terms and Privacy Policies
Already have an account? Log in

Verify Your Email

Check your inbox & click on the link to activate your account.

Resend Email
Verification Mail Send Successfully. Please Check Your Email.

Forgot Password

Please enter your registered email to recieve the password reset link.

Send reset link
Already have an account? Log in
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!

d
Let us boost your grade together!

Get 24/7 homework help from Experts

Let our knowledge be your backup

1

Submit your homework question or assignment

2

Receive a quote & Make the Payment

3

Sit Back & Relax to Earn Better Grades!

Drag files here or Browse your Device

Maximum file size 10MB
17,475 Accounting Questions Answered! Get Answer

We are The Best Because

  • On Time Delivery
  • Plagiarism ReportFree
  • Unlimited RevisionsFree
  • 100% Privacy & Confidential
  • 24/7 Live Chat Support
4.9 (16426 Ratings)
You can communicate directly with your expert until the solution quality is delivered to your complete satisfaction.
Looking for writing help?
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!