Franchises with the lowest team revenues in their league
A. usually find it difficult both to win and make money in the same season.
B. make it into the playoffs much more often than other teams.
C. sign by far the most talented players among the free agents.
D. build the largest number of luxury suites due to the intense loyalty of their diehard fans.
Answer: A
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Suppose the exchange rate between the U.S. dollar and the Jamaican dollar was $1 U.S. = $40 Jamaican dollars. A beach towel sells for $20 in Miami and $60 Jamaican in Negril
A) Purchasing power parity does not prevail with these prices. B) The U.S. dollar would be expected to depreciate. C) The Jamaican dollar would be expected to appreciate. D) All of the above are correct.
The poorest regions in the world, as measured by GDP per capita, are:
a. Latin America and the Caribbean. b. the Middle East and North Africa. c. Sub-Saharan Africa and South Asia. d. Australia and New Zealand.