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) the hotel tax may lead to a decline in visits to Wichita.
B) they believe that Wichita does not need a new convention center.
C) the hotel tax may reduce commercial property values in the area.
D) there are other projects that could be undertaken with the tax funds.
E) the convention center may not pass a marginal cost-benefit test.
Question 2
When the Fed engages in open market operations, it is buying or selling
A) loans made to banks to meet the legal reserve requirement ratio.
B) gold.
C) U.S. government securities newly issued by the U.S. Treasury.
D) capital equipment.
E) U.S. government securities.
Species of reef-building corals may be able to adapt to warming waters by relying on algae
Building competency
Ulysses S. Grant poses at City Point, Virginia, during the siege of Petersburg.
Renzo Piano, Jean-Marie Tjibaou Cultural Center, Nouméa, New Caledonia. 1991–98.
Criteria for Trauma Center Designation