Over time, we\'ve seen a dramatic reduction in the number of cities submitting f

Question

Over time, we've seen a dramatic reduction in the number of cities submitting final bids to host the Olympic games. Which of the following might NOT explain that development? ?Over the last three Olympic cycles (winter & summer), we've seen solid evidence of the Winner's Curse in practice. O Contingent valuation studies have consistently overestimated the long run value of the 'civi pride" from hosting the games. has required host city taxpayers to assume the risk of cost overruns themselves Planned infrastructure investments find alternative sources of funding once a host city's bid is approved. O D | Question 27 2 pts Q6 Which of the following is the best example of the "backward bending" labor supply curve? O As his earnings on the PGA tour have increased. Tiger Woods has started a charitable foundation. O As PGA tournament purses have increased, Tiger Woods has played fewer tournaments in any given year. O As tax laws have changed, Phil Mickelson plays fewer tournaments overseas. O As tax laws have changed, Phil Mickelson has taken up residence in Florida

Explanation / Answer

26)

Right answer is " IOC has required host city taxpayers to assume the risk of cost overruns themselves."

Taxpayers are not directly responsible such cost overruns. Taxpayers are liable to pay taxes to government only.

27)

Right answeri is " As PGA tournament purses have increased, Tiger woods has played fewer tournaments in any given year"

as the income of an individual rises, he prefers leisure over the work.

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.