Economics of Sports and Entertainment

Which group of people determines the products that a free-enterprise economy produces?

Taking credit cards provides this type of utility.

When price goes up, supply goes up. When price goes down, supply goes down.

Steph Curry plays for the Golden State Warriors. Which economic resource does he represent?

The land purchased to build a golf course uses which type of economic resource?

Relationship between quantity of a product producers are willing & able to provide and price.

Changing format for Finding Nemo to 3D is an example of which utility?

Antitrust laws make these illegal; when 1 business controls the whole market for a product.

The difference in our limited resources and unlimited needs and wants.

This is created by having a product or service available where it is needed or wanted.

When price goes up, demand goes down. When price goes down, demand goes up.

In this economic system the interaction of supply and demand drives the economy.

The NFL averaged 17,282,225 spectators for the season. The fans are considered to be:

This is created by having a product or service available when it is needed or wanted.

Jerry Jones and the other owners of NFL teams are considered to be:

This resource refers to the individual who takes the risk of owning and operating the business.

A new stadium is built for $1.4 billion. The stadium and $ used to build it are what resource?

Relationship between quantity of a product consumers are willing & able to purchase and price.

Rivalry between the NFL, NBA, and MLB for fans is an example of:

When prices rise, consumers are encouraged to buy more.