Question 62 1 pts Studies of the benefits of a team often overstate the multiplier because they do not account for inflation. they do not consider leakages into surrounding communities. they count expenditures by visitors from outside the region. they do not count only new expenditures. Question 63 1 pts Why do economic impact studies focus primarily on visitors? Economic growth is caused by new money coming into the area, which is normally brought in by visitors. Visitors cause locals to leave. Locals drive new money spending in the area. Economic growth is cause by locals spending money that they would have normally spent in the area. Question 64 1 pts Most economists view tax revenues raised through state lotteries as regressive since poor people spend a greater fraction of their income on tickets. progressive since rich people can afford to buy more tickets. the best way to raise funds because no one has to buy tickets. a poor idea since lottery tickets are inferior goods. Question 65 1 pts A small town is likely to have a smaller multiplier effect because professional athletes are more likely to want to live there. most of the expenditures quickly leak out of the small geographical region. the direct benefits of a professional franchise are smaller. fewer franchises locate in small towns than in large cities. Question 66 1 pts Ifa Canadian NHL team receives its revenues in Canadian Dollars, but must pay its players in US. Dollars, a weakening of the Canadian Dollar relative to the US. dollar will cause. The team's costs to increase. The team's costs to decrease The team's revenues to increase. The team's revenues to decrease. Question 67 1 pts The concept of "horizontal equity" is linked to the of taxation. O Ramsey Rule. O Benefits Principle / Treating Equals Equal. O Ability-to-pay. O Minimum Deadweight Loss.Question 68 1 pts To maximize the revenue from imposing a sales tax, products with a low price elasticity of demand should be taxed rather than products with a high price elasticity of demand. True False Question 69 1 pts When Sales Tax is imposed to a product, in general: All of these choices. Both the consumer and the producer surpluses decrease. A deadweight loss is created because the market is no longer efficient. Demand for the product is decreased.