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denis23 [38]
3 years ago
5

Suppose your community is considering using public money to build a new sports stadium for the team that is already in the commu

nity and unlikely to ever leave. Suppose you are watching a news broadcast in which the supporters are saying that it will enhance economic activity because of the increase in restaurant activity that will occur around the new stadium. Now suppose you hear that an independent economist is going to appear during the next segment. It is likely she will say:_______
a. there will be no new jobs created in net because there will be about the same number of restaurant jobs lost near the old stadium as gained near the new one.
b. the jobs created in the area will make it worth the investment.
c. there will be no new jobs created.
d. it may be a short-term cost, but in the long term, it will be worthwhile.
History
1 answer:
Yuri [45]3 years ago
3 0

Answer:

a. there will be no new jobs created in net because there will be about the same number of restaurant jobs lost near the old stadium as gained near the new one.

Explanation:

If the sports team already has a stadium in an area, and said stadium is demolished, or simply abandoned, because a new stadium is built with public money, the net effect in job creation will likely be very small, because the jobs  associated with the old stadium will be lost and replaced in similar number by the jobs associated with the new stadium.

Besides, the opportunity cost of using public funds to build a new stadium can be very high. Said public money could have been used instead to fund public schools, or hospitals.

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The Aztecs had lot of conquered people. They required tribute in the form of people for sacrifice. As the Aztecs has Gods that were very thirsty for human blood, in order to not sacrifice themselves, the Aztecs were taking people for the other tribes and sacrificed them.

The Inca system of labor force seem to have been the most just one. In this system, everyone, apart from the emperor, had to work for the good of everyone and for the good of themselves. Everyone lived in same homes, wore the same clothes, and worked the same types of jobs.

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To begin with, imperialist countries were in search of raw materials and steady market for their products. However, imperialism was not in any way related to capitalism during the medieval times because land power was still important. Currently, the vast spread of industrialization has reached a point where competition for international markets has become profound. For that reason, this greatly boosts the economy.


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