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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Real Gross Domestic Product is
A) the amount of people unemployed divided by the total labor force. B) the productivity of labor. C) the most that can be produced when the economy's resources are fully employed. D) the value of total production linked back to the prices of a single year.
Banks use "credit-risk analysis" to
A) determine the appropriate interest rate to charge borrowers. B) determine whether to invest in the stock of a corporation. C) determine the appropriate interest rate to pay depositors. D) determine the likelihood of an audit by bank regulators.
Income elasticity is used to determine whether a product is a normal or inferior good
Indicate whether the statement is true or false
Other things the same, which of the following would increase productivity?
a. an increase in either human or physical capital b. an increase in human capital but not an increase in physical capital c. an increase in physical capital but not an increase in human capital d. neither an increase in human capital nor an increase in physical capital