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:

Strokes

Medical conditions that occur when the blood supply to part of the brain is interrupted or reduced, preventing brain tissue from getting oxygen and nutrients, causing cells to die.

Type A Personality

A personality trait characterized by high levels of competitiveness, self-driven ambition, impatience, and a constant sense of urgency.

Competitive

Refers to a situation, environment, or attitude marked by a striving for superiority, success, or winning, often against others.

Hard-Driving

A personality trait characterized by competitiveness, aggression, impatience, and a sense of urgency, often associated with stress and health risks.