Since the National Basketball Association Is the Only Significant Employer

question 106

Multiple Choice

Since the National Basketball Association is the only significant employer of professional basketball players, it might be referred to as a(n)

• A) oligopsony.
• B) monopoly.
• C) monopsony.
• D) oligopolist.

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Definitions:

Reserve Capacity

The extra amount of functional capability that an organism or system can draw upon when needed.

Homeostasis

The biological process by which living organisms maintain a stable internal environment despite changes in the external environment.

Senescence

The biological process of aging, characterized by the gradual decline in physiological functions and increased vulnerability to diseases.

Wear-And-Tear Theory

A concept in biology and gerontology that suggests the aging process is the result of accumulated damage and degradation of cells and tissues over time.