The Average National Basketball Association Player Is Over 6 Feet

question 90

Multiple Choice

The average National Basketball Association player is over 6 feet tall. The average horse jockey is shorter than 5 1/2 feet tall. This is because height provides NBA players with:

• A) d and e.
• B) an absolute advantage for horse racing.
• C) an absolute disadvantage for other sports in general.
• D) a comparative disadvantage in horse racing.
• E) a comparative advantage in basketball.

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Definitions:

Pareto Efficient

A state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.

Net Benefit

The total positive impact of a decision or action, subtracting any costs or negative effects associated with it.

Trade

The exchange of goods, services, or both between parties, which can occur domestically or internationally.

Perfectly Competitive Market

A market structure characterized by many sellers and buyers, homogeneous products, and the free entry and exit of firms, leading to efficient outcome prices.