Economic studies have generally found that professional sports players have salaries that
a. greatly exceed their marginal contribution to a team's revenue stream.
b. are approximately equal to their marginal revenue products.
c. are about one-half of what they contribute to a team's profitability.
d. are less than one-tenth of their marginal revenue products.
B
Economics
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If the price of salmon increases relative to the price of cod, the demand for:
A) cod will decrease. B) cod will increase. C) salmon will decrease. D) salmon will increase.
Economics
The velocity of money is 4. If nominal GDP is $1,200 billion then the stock of money
A. is $300 billion. B. is $400 billion. C. is $500 billion. D. is $4,800 billion.
Economics