Sports Economics

Which is not part of the economic trinity?

• Scarcity

• Competition

• Marketing

• Rationing

Which of these are production tools?

• land

• labor

• capital

• all of them

What is the most common type of bond used to fund stadiums?

• corporate bonds

• general obligation bonds

• cash

• I owe you's

True or False: The market demand curve typically is downward sloping?

• True

• False

What is the max loan term that is acceptable for building a stadium?

• 10

• 25

• 30

• 50

True or False: Ticket sales are a great way for an organization to generate revenue?

• True

• False

What division generates the most revenue from ticket sales?

• DI (FBS)

• DII

• DIII

• DI (FCS)

What percentage of the NFL revenue comes from food and beverage?

• 2%

• 8%

• 15%

• 10%

What tax takes 1-4% of a players salary to pay off stadiums?

• Sin tax

• Players tax

• Soft tax

• Hard tax

True or False: I learned something about Sport Econ today?

• True

• False