Which of the Following Explains Why Soccer Players Make Millions

question 114

Multiple Choice

Which of the following explains why soccer players make millions of dollars in Europe but do not in the United States?

• A)discriminatory rules established by the government
• B)compensating wage differentials for living in Europe
• C)discriminatory preferences on the part of US sports fans for other sports
• D)efficiency wages paid to European players to enhance on-field performance

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Definitions:

Scarcity

A fundamental economic problem of having seemingly limitless human wants in a world of limited resources.

Choices

Decisions made by individuals or organizations among two or more alternatives.

Resources

The total means available for economic and political development, such as minerals, labor force, and financial wealth.

Depression

A harsh and long-lasting decline in economic operations, featuring a marked decrease in the GDP, rising unemployment figures, and continued decrease in prices.