The Author Suggests That Instead of Subsidizing Professional Sport Team

question 28

Multiple Choice

The author suggests that instead of subsidizing professional sport team owners,local and state governments could use the same money to

• A)pay professional athletes salaries based on players' entertainment value.
• B)build multiple local recreational facilities that could be used by local residents.
• C)subsidize developers who want to build large projects.
• D)organize fans into spectator unions that could bargain with team owners.

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Definitions:

Payoff

The return or reward received from a particular action or investment, often analyzed in decision-making processes.

Insurance

A financial arrangement that provides protection against potential loss to life, health, or property in exchange for premium payments.

Population Growth

The increase in the number of individuals in a population, commonly expressed as an annual percentage.

Annual Rate

The interest rate for a period of one year, often used to compare the yield on investments or the cost of loans.