Which of the Following Could Help Explain Why Professional Football

question 40

Multiple Choice

Which of the following could help explain why professional football players have high salaries?

• A)There is little social status attached to the occupation.
• B)Their marginal revenue products are typically very low.
• C)They face a high chance of having their careers cut short.
• D)Many college football players want to become professional football players.
• E)The labor market is perfectly competitive due to the players' union.

Recognize how special interest groups and political action committees influence political decisions and policies.

Comprehend the complexities of disenfranchisement and its impact on democracy.

Acknowledge the significance of social institutions (e.g., education, religion) in shaping societal norms and values.

Understand the role of media and technology in modern politics, including the concept of simulacrum.

---

Definitions:

Lawful Purpose

A lawful purpose is an action, contract, or transaction that is not in violation of any legal statutes or regulations.

Quantum Meruit

Quantum meruit is a legal principle allowing a party to recover the reasonable value of services provided, even in the absence of a formal contract.

Promissory Estoppel

A legal doctrine preventing a person from going back on a promise, even if it was made without formal consideration, when others have relied on that promise to their detriment.

Quasi Contracts

Contracts imposed by courts to avoid unjust enrichment or unfair benefit, despite there being no formal agreement between the parties.