Deck 10: Economic Benefits

Question 1

Casinos create three different categories of jobs. Which one of the following is not one of those categories?

A) Direct temporary jobs
B) Direct permanent jobs
C) Indirect jobs
D) Management jobs
E) None of the above are a category of job at casinos

Answer 1

Management jobs

Question 2

The construction jobs created when a casino is designed and built are a form of:

A) Direct temporary jobs
B) Direct permanent jobs
C) Indirect jobs
D) Indirect temporary jobs
E) None of the above

Answer 2

Direct temporary jobs

Question 3

Jobs which are paid directly by the casino and are created solely for the benefit of the casino are called:

A) Direct temporary jobs
B) Direct permanent jobs
C) Indirect jobs
D) Indirect temporary jobs
E) None of the above

Answer 3

Direct permanent jobs

Question 4

Jobs created due to the infusion of money into the local economy is called:

A) Direct temporary jobs
B) Direct permanent jobs
C) Indirect jobs
D) Indirect temporary jobs
E) None of the above

Question 5

The term "leakage" refers to :

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

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?

A) Louisiana
B) South Dakota
C) Colorado
D) Nevada
E) California

Question 7

According to the text, political stability includes which of the following traits?

A) An absence of corruption
B) Transparent government activity
C) Slow, measured change in regulations
D) All of the above
E) None of the above

Question 8

In 2006, Russian President Putin signed a bill that restricted the gaming industry to:

A) Moscow only
B) St. Petersburg only
C) Four zones located away from the big population centers
D) Areas east of the Ural mountains
E) Siberia

Question 9

The largest segments of jobs created by casinos are:

A) Those created by the casino itself
B) Those indirectly created by the casino
C) Construction jobs
D) Regulatory jobs
E) Management jobs

Question 10

Which states have the lowest and highest gambling tax rate?

A) Louisiana - 5% and New Jersey - 40%
B) Nevada - 6.25% and Pennsylvania - 52%
C) South Dakota - 1% and Nevada - 25%
D) Colorado - 1% and Illinois - 60%
E) New Jersey - 10% and Louisiana - 60%

Question 11

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

Question 12

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

Question 13

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

Question 14

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

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.

Question 16

Discuss the impact of construction jobs during casino projects.