Watch the Video for Problem Set 1: Andy Rooney on Gambling (it's posted in Week 1 in the LMS). Although Mr. Rooney expressed these ideas more than a decade ago, they still represent pretty commonly held beliefs. Evaluate Mr. Rooney's argument about gambling from a macroeconomic perspective. That is, ignore the argument that people are \"suckers\" for gambling and focus on the argument that \"gambling produces nothing. If money is lost at the gambling table, it isn't spent on things that America produces.\" What happens to the money people lose at gambling?<\/p>
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https:\/\/www.youtube.com\/watch?v=qmkBR30xyx4<\/p>", "transcribed_text": "", "related_book": { "title": "Physics for Scientists and Engineers A Strategic Approach with Modern Physics", "isbn": "978-0134092508, 134092503, 133942651, 978-0133942651", "edition": "4th edition", "authors": "Randall D. Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1442.jpg", "uri": "\/textbooks\/physics-for-scientists-and-engineers-a-strategic-approach-with-modern-physics-4th-edition-1442", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8716795600", "uri": "\/textbooks\/the-psychology-of-real-estate-sales-a-40-day-blueprint-to-making-millions-1st-edition-979-8716795600-388683", "name": "The Psychology Of Real Estate Sales A 40 Day Blueprint To Making Millions", "edition": "1st Edition" }, "question_posted": "2024-06-12 11:13:49", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/which-type-of-team-selfmanaging-crossfunctional-global-or-virtual", "description": "Which type of team - self-managing, cross-functional, global, or virtual - do you think is the most difficult to manage, and why?", "stars": 3 }, { "url": "\/in-the-development-of-youngs-doubleslit-experiment-a-smallangle-approximation", "description": "In the development of Youngs double-slit experiment, a small-angle approximation (tan sin ) was used to find the lateral displacements of the maxima (bright) and minima (dark) positions. 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