The campus parking authority’s claim that the university is losing substantial revenue each semester by allowing commuting students to park on campus for free is clearly false. Nearly all students who commute to campus live close enough to the university to easily walk there. Hence, the revenue generated by a pay-to-park system would actually be quite small, since ______________ . Which of the following most logically completes the argument?(1 Point)only full-time students would be required to purchase parking permits.most people who currently commute would rather walk to school than pay to park on campus.enforcement of parking restrictions would require the hiring of many additional parking authority employees.the university receives the majority of its revenue from charitable donations.most of the free parking areas that are currently being used by students would be converted to paid parking areas.

5. Parking is a _____ problem for students at the university, and finding a parking space can be virtually impossible.largeimportantseriouslymajor

The parking office now decides that it is too risky to make claims aboutpopulation proportions. Instead, they now only claim that the attitudes regardingthe new parking policy are independent of student, faculty or administration status.Test this claim at a significance level of α = 5%, clearly stating your hypotheses.Past Final Examination 1 Page 4 of 7 STAT7055

6  In 2012 the local government of a city decided to increase parking charges for motorists. It was intended to raise money to correct a deficit in the local government’s budget. The local government said if they did not increase charges they would not be able to provide all their current services. Businesses complained about the likely loss of revenue if parking charges were increased.Which concepts does this statement involve?1 pointA inflation and the private sectorB opportunity cost and public expenditureC private benefit and the free marketD unlimited resources and a centrally planned economy

There are two parking lots near the local gym in a certain suburb - the silver parking lot and the gold parking lot. The silver parking lot is free and has 85 parking bays. The gold parking lot, on the other hand, has a parking attendant present where drivers are required to pay $3.50 per hour. The gold parking lot however has only 25 parking bays. Which of the following statements is true? The silver parking lot is considered a public good. The gold parking lot is considered a collective good. The silver parking lot is non-rivalrous in nature because there are many available parking slots. Both parking lots are rivalrous in nature. The gold parking lot is excludable in nature because it has a limited parking capacity relative to the silver parking lot.

A new state-sponsored tax law aimed at increasing the state’s college attendance rate gives local public universities tax incentives to encourage acceptance of a greater percentage of applicants from within the state. Legislators supporting the new law believe that it will not only allow more students from the state to obtain further education, but also provide a strong financial boost to in-state universities. Which of the following, if true, would provide the strongest critique of the legislators’ proposal?(1 Point)Public universities receive the majority of their funding through state-sponsored initiatives.Public universities are generally less expensive than private universities.Many college applicants find that relocating to a new state is the single largest obstacle to attending college.Public universities feel that having a broader applicant pool is more financially beneficial than the incentives provided under the new law.