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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