Question 1

Casinos create three different categories of jobs. Which one of the following is not one of those categories?&#10;A) Direct temporary jobs&#10;B) Direct permanent jobs&#10;C) Indirect jobs&#10;D) Management jobs&#10;E) None of the above are a category of job at casinos&#10;

Accepted Answer

Management jobs&#10;

Question 2

The construction jobs created when a casino is designed and built are a form of:&#10;A) Direct temporary jobs&#10;B) Direct permanent jobs&#10;C) Indirect jobs&#10;D) Indirect temporary jobs&#10;E) None of the above&#10;

Accepted Answer

Construction jobs for a casino project are directly related to the project itself but are temporary until the construction is completed.

Question 3

Jobs which are paid directly by the casino and are created solely for the benefit of the casino are called:&#10;A) Direct temporary jobs&#10;B) Direct permanent jobs&#10;C) Indirect jobs&#10;D) Indirect temporary jobs&#10;E) None of the above&#10;

Accepted Answer

Direct permanent jobs are those positions created by the casino that are directly related to its operation and are intended to be long-term or permanent roles. These include jobs like dealers, security personnel, and management positions within the casino itself.

Question 4

Jobs created due to the infusion of money into the local economy is called:&#10;A) Direct temporary jobs&#10;B) Direct permanent jobs&#10;C) Indirect jobs&#10;D) Indirect temporary jobs&#10;E) None of the above&#10;

Accepted Answer

Indirect jobs are those created in the wider economy as a result of the infusion of money into the local economy. This includes jobs in supply chains and other businesses that benefit from the increased spending.

Question 5

The term &#34;leakage&#34; refers to :&#10;A) How much of the local economy receives direct benefits from a business.&#10;B) The amount of money taken in that is lost to theft and embezzlement.&#10;C) When parts of the dollar income of a business are exported outside the local economy&#10;D) How much money comes into an economy from outside the jurisdiction because of tourists, travelers, etc.&#10;E) None of the above&#10;

Accepted Answer

Leakage in economic terms, especially in the context of tourism or local economies, refers to the situation where income generated in a local economy (for example, through tourism or local business) is not retained within that economy but instead is spent or transferred out of the area. This can happen through various means such as the import of goods to meet the needs of tourists or profits sent to foreign owners.

Question 6

According to the text, what is an example of a state that does not have a state tax on personal and corporate income because of gaming related taxes?&#10;A) Louisiana&#10;B) South Dakota&#10;C) Colorado&#10;D) Nevada&#10;E) California&#10;

Accepted Answer

Nevada does not have a state tax on personal and corporate income largely because it generates significant revenue from gaming-related taxes.

Question 7

According to the text, political stability includes which of the following traits?&#10;A) An absence of corruption&#10;B) Transparent government activity&#10;C) Slow, measured change in regulations&#10;D) All of the above&#10;E) None of the above&#10;

Accepted Answer

Political stability encompasses an absence of corruption, transparent government activity, and slow, measured changes in regulations, indicating that all the options listed contribute to the concept.

Question 8

In 2006, Russian President Putin signed a bill that restricted the gaming industry to:&#10;A) Moscow only&#10;B) St. Petersburg only&#10;C) Four zones located away from the big population centers&#10;D) Areas east of the Ural mountains&#10;E) Siberia&#10;

Accepted Answer

The 2006 bill signed by President Putin restricted the gaming industry to four specific zones located away from the big population centers, aiming to control gambling activities and their associated social issues.

Question 9

The largest segments of jobs created by casinos are:&#10;A) Those created by the casino itself&#10;B) Those indirectly created by the casino&#10;C) Construction jobs&#10;D) Regulatory jobs&#10;E) Management jobs&#10;

Accepted Answer

The answer of The largest segments of jobs created by...

Question 10

Which states have the lowest and highest gambling tax rate?&#10;A) Louisiana - 5% and New Jersey - 40%&#10;B) Nevada - 6.25% and Pennsylvania - 52%&#10;C) South Dakota - 1% and Nevada - 25%&#10;D) Colorado - 1% and Illinois - 60%&#10;E) New Jersey - 10% and Louisiana - 60%&#10;

Accepted Answer

Nevada has one of the lowest gambling tax rates at 6.25%, while Pennsylvania has the highest at 52%.

Question 11

According to the American Gaming Association, over 800,000people owe their livelihood to the casino industry.

Accepted Answer

The answer of According to the American Gaming Association, over...

Question 12

It is estimated that 30 jobs are created for every $1 million in acasino's revenue.

Accepted Answer

The answer of It is estimated that 30 jobs are...

Question 13

According to the text, it is only when gambling is able to tapoutside markets will the casinos have a positive economic impact.

Accepted Answer

The answer of According to the text, it is only...

Question 14

In 2007, Russia enacted a law that basically forced any gamingoperation with assets worth less than $23 million to close.

Accepted Answer

The answer of In 2007, Russia enacted a law that...

Question 15

Atlantic City has enacted a ban on smoking in casinos, which has proved to have an overall positive effect on business, drawing morecustomers in.

Accepted Answer

The answer of Atlantic City has enacted a ban on...

Question 16

Discuss the impact of construction jobs during casino projects.

Accepted Answer

The answer of Discuss the impact of construction jobs during...

Deck 10: Economic Benefits