Exam 11: Sport and the Economy Main Themes

Which of the following typically creates the most capital gain for a professional sports team owner?

As an indication of good faith on its part, the National Collegiate Athletic Association has not opposed student-athletes leaving early for professional careers.

Presently, about percent of professional sports stadiums and arenas have been provided by taxpayers.

In addition to their salary, successful professional athletes often receive benefits gained through

Economists Coates and Humphreys report that their research indicates that sports subsidies can be justified on the grounds of local economic development or income growth or creation.

In general, the value of professional team sport franchises over the past decade has

The is the only major professional sports team owned by the public.

The monopolistic situation of professional team sports enables a league to negotiate television contracts as a single entity without being subject to the antitrust laws.

Professional team sports is the only monopoly in the United States.

Although the richest owners are wealthy and are worth millions of dollars, only a couple of them can be called "billionaires."

Compared to other top professional entertainers, professional athletes' salaries are very similar.

The entire sports industry is one of the top four largest industries in North America.

Compared to other top professional entertainers, professional team athletes' salaries are