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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When the multiplier is ________, an autonomous decrease in investment of $200 billion decreases equilibrium real GDP by $400 billion
When the multiplier is ________, an autonomous decrease in investment of $200 billion decreases equilibrium real GDP by $800 billion. A) 2.0; 4.0 B) 0.4; 0.2 C) 0.2; 0.4 D) 4.0; 8.0 E) $400 billion; $800 billion
A tax is imposed on wine. Sellers will bear the full burden of this tax if the: a. demand for wine is perfectly inelastic
b. price elasticity of demand for wine equals 1.0. c. demand for wine is unit elastic. d. supply for wine is perfectly inelastic.
The equilibrium in a foreign exchange market determines
A. Domestic economic conditions. B. The exchange rate. C. The terms of trade. D. The balance of payments.
The interest rate effect implies that
A. the short-run aggregate supply curve is vertical. B. the aggregate demand curve has a positive slope. C. the short-run aggregate supply curve is horizontal. D. the aggregate demand curve has a negative slope.