The rules of the National Collegiate Athletic Association (NCAA) limit the amount of money colleges can offer to athletes to
A) assure balanced competition on collegiate athletic fields.
B) maintain high ethical standards in college sports.
C) preserve the spirit of amateurism in an age of professionalism.
D) prevent competition for star athletes from raising the price of enrolling them.
E) prevent the schools with the most profitable athletic programs from attracting more than their share of the best athletes.
D
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If people's expectations about future income improve so they think their future income will be higher than previously believed, then the AD curve
A) will not shift, but potential GDP will increase. B) will shift leftward because people will spend less now. C) will shift rightward because people will increase spending now. D) and the AS curve will both shift leftward because people will increase their saving. E) will not change until income actually rises.
Which of the following is not an automatic stabilizer?
a. Forward-looking behavior b. Interest rates c. Imports d. Transfer payments e. Consumption spending