As several eastern states began to legalize casino gambling, the revenues of casinos in Atlantic City began to ________ and their profits ________
A) fall; decreased
B) rise; decreased
C) fall; increased
D) rise; increased
A
Economics
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Economists are often required to make unrealistic assumptions concerning the problems they are investigating
a. True b. False Indicate whether the statement is true or false
Economics
The trains of the Transcontinental Railway Company, when shipping goods, sometimes emit sparks that start fires along the tracks and damage the property of others. If Transcontinental does not pay for the damage it causes, what has occurred?
A. Positive externality. B. Demand-side market failure. C. Supply-side market failure. D. All of these.
Economics