Wichita Is Building a Convention Center and Financing It with Revenues

question 343

Multiple Choice

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) they believe that Wichita does not need a new convention center.
• B) there are other projects that could be undertaken with the tax funds.
• C) the convention center may not pass a marginal cost-benefit test.
• D) the hotel tax may lead to a decline in visits to Wichita.
• E) the hotel tax may reduce commercial property values in the area.

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Definitions:

Palpitations

A feeling that the heart is beating too hard or too fast, skipping a beat, or fluttering, often related to stress, exercise, or medication.

Tachycardia

A condition characterized by an abnormally fast heart rate, usually defined as a heart rate over 100 beats per minute in adults.

Sense of Personhood

A person's self-concept and awareness of being an individual with distinct feelings, thoughts, and experiences.

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Establishing a visual connection with another person, which is often used as a form of non-verbal communication indicating attention or interest.