Sports final review

Sports final review

University

10 Qs

quiz-placeholder

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Sports final review

Sports final review

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Lauren Banko

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The best way an economist would describe discrimination is as

a market failure

a taste

a negative externality

a prejudice

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the labor market, a monopsony

hires more workers at a lower wage

hires more workers at a higher wage

hires less workers at a lower wage

hires less workers at a higher wage.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following can affect the real impact of a mega events except

public choice theory

the substitution effect

leakages

overcrowding

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ex post studies on mega events typically find that the economic impact is negatable compared to the costs. What idea explains why cities still choose to host such an event?

Specific infrastructure is built

public choice theory

negative externalities

market failures

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The paper by Scully tried to estimate

why baseball players are paid so much

how free agency affect wages

apprentice wages

how underpaid baseball players were

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United Autoworkers Union (UAW) is a(n) _________ union

craft

industrial

monopolized

inefficient

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a bilateral monopoly, wages will be:

Equal to what would be paid by a monopsonist

Equal to what a union would demand.

Equal to what would be paid in a perfectly-competitive labor market.

Between the wages paid by a monopsonist firm and the wages demanded by a union.

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