An Economist Estimates That Casinos in California Net $6 Billion

question 59

Multiple Choice

An economist estimates that casinos in California net $6 billion each year. Assume that overall the casinos take in 4.25% of the money wagered. How much money was bet in California last year?

• A)$141 billion
• B)$26 billion
• C)$71 billion
• D)$165 billion

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Definitions:

Mate Selection

The process by which individuals choose their partners based on various factors including, but not limited to, physical attractiveness, personality traits, and socio-economic status.

Mere Exposure Effect

A psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.

Initially Disliked

Refers to a negative first impression or initial negative feelings towards a person, object, or idea.

Stimulus

Any object, event, or factor that can evoke a response or reaction from an organism or a system.