Unit #4 Economics of Sports and Entertainment

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

Periods of moderate demand for theme park and other attractions is called:

A period of prolonged and deep economic slowdown. Spending is low, unemployment is high.

When prices rise faster than consumer income. A rate of 1-5% shows that an economy is stable.

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

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

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

In a controlled/command economy the __________________ answers the 3 economic questions. (Cuba)

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

Winter for a ski resort is considered to be:

Phase at which there is a growing demand for goods and services.

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

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

LeSean Mccoy is the running back for the Bills. Which economic resource does he represent?

Sustained long-term impact, from an event, on an economy is an example of what?

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

Those attending an event and spending their money are an example of:

This refers to the ups and downs of the economy.

Terry Pegula and the other 32 owners of the NFL are considered to be:

A player's stats are an example of which economic indicator?

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

The interaction of supply and demand drive the economy. (US is an example)

Unemployment is very low and consumer confidence is very high.

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

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