One Important Outcome Stated in the Text of the Public's

question 17

Multiple Choice

One important outcome stated in the text of the public's growing awareness of corruption and abuses of power by FIFA and the IOC was:

• A) The increasing abuse of gift-giving and under-the-table bribes to secure hosting opportunities
• B) The increasing scepticism among IOC and FIFA officials of fair practice within their own organizations
• C) The declining willingness of governments to acquiesce to their authority
• D) The increasing collaboration of FIFA and the IOC with investigative journalists on these issues

---

Definitions:

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor that workers are willing to supply and the wage rate.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a good or service.

Weekly Wage Rate

The amount of compensation a worker receives on a weekly basis for their labor or services.

Elastic Supply

Describes a market situation where the quantity supplied changes significantly due to changes in price.