Local casinos allow people to gamble without having to trave
Course:- Macroeconomics
Reference No.:- EM13314673

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

A question facing many U.S. states is whether to allow casino gambling. States with casino gambling have seen a substantial increase in tax revenue flowing to state government. This revenue can be used to finance schools, repair roads, maintain school programs, or reduce other taxes. Which of the following responses uses the concept of efficiency to argue in favor of allowing casinos to operate?

a) Local casinos allow people to gamble without having to travel to established gambling locations like Las Vegas or Atlantic City.

b) Gamblers can gamble closer to home, and non-gamblers receive additional social services without increased taxes.

c) Both A & B

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Prepare a Word document of the general background information regarding the country selected (e.g., location, size, and brief timeline of the main historical events and rele
In a time of fiscal restraint, politicians campaign on getting rid of "bureaucrats" who make government more inefficient and cost taxpayers more money. However, is there a
To decrease the federal deficit, government would have to cut back on government buy, transfer payments, or increase taxes. How does the federal deficit affect GDP and multipl
A new-issue municipal bond rated Aaa by Moody"s Investors Service is priced to yield 8 percent. If you are in the 33 percent tax bracket, what yield would you need to earn on
Of the of the key players you identified, pick two (2) - One for the recommendation and one against recommendation. Describe the political influence of each, explaining moti
Consider a monopolist facing a demand curve given by P = 20 – q, where P is the market price and q is the quantity sold. The monopolist's marginal costs are MC = 2 per unit; t
Under the maturity extension program, the Federal Reserve sold or redeemed a total of $667 billion of shorter-term Treasury securities and used the proceeds to buy longer-te
Given the following information, compute the real interest rate for years 2, 3, and 4. Suppose that each CPI number tells us the piece level at the end of each year.