Economics in Sports and Entertainment

_________occurs when the economy shows signs of improvement

The output per worker hour is known as______.

The point where the supply and the demand curves intersect is _____

The direct impact of an economic event is the total of new spending resulting from the event.

Jerry Jones would be considered what type of economic resource

The condition when  quantity demanded is greater than quantity supplied it is called______.

Consumers are the businesses that use resources to develop products and services to distribute

When prices rise, producers are encouraged to produce more

Allowing customers to watch sport or entertainment events at home is an example of

Competition encourages businesses todevelop newproducts and services.

During a time of expansion, the economy slows down and unemployment goes up

The relationship b/w the quantity of a product that consumers are willing & able to purchase is

Consumers have unlimited money to spend on sports and entertainment.