Sports Economics

NCAA has no control over what gifts players receive for winning a national championship.

What is intellectual property?

What type of business is a restaurant considered?

Player unions do not have a right to organize and strike.

Inflation – Sustained __________ in the price of a good or service or many goods and services in an ___________.

What type of business are the Packers considered?

The NCAA does not care how many games membership teams play.

Which is NOT part of Microeconomics?

Sports delivery systems are influenced by economics.

Some economic impact studies say taxpayers do not receive much benefit at all.

Economic Impact Studies paint a rosy picture by promising what?

When teams are trying to get the most sales they can, they are trying to maximize what?

Fan interest has grown due to what?

What is one way a sports organization is organized, Pleasure vs...

What type of business where there are no competitors considered?

The NCAA was created for economic reasons.

What type of business where there is a large number of buyers and sellers considered?

Name two types of economics.

Macroeconomics looks at the big picture issues. Which of these are included?

Which is NOT provided with a full scholarship?

Professional leagues do not serve as a basis for an exclusive sports labor market.

When trying to maximize Revenue, emphasis is not on what?

Title IX is one form of good government intervention.

What is another way a sports organization is organized, Amatuer vs...

What is NOT a government entity that affect sports economies.

The collective bargaining agreement includes revenue sharing with the players.

Professional sports leagues are themselves a sort of economy.

What type of business where are no barriers to enter or exit is considered?

What is something a business owner could do if revenue decreased?

What is another way a sports organization is organized, Mass participation vs...

GDP is the total value of all goods and services produced in a particular economy in a given year.

Culture influences sports delivery systems.

What type of business are the airlines considered?

Recession is when a particular economy recedes or shrinks.

When organizations maximize revenue, no emphasis is placed on expenses.

When teams are trying to get the largest net profit they can, they are trying to maximize what?

Economic Impact Studies paint a rosy picture by promising what?

When teams are trying to get the most games won they can, they are trying to maximize what?

Rapid depression is when the demand for workers is greater than the supply.

What is another way a sports organization is organized, Not for Profit vs...