Very Few Players Are Drafted into the NFL When They

question 50

Multiple Choice

Very few players are drafted into the NFL when they play at Division II or Division III schools whereas more players are drafted in the MLB from these schools.What can explain this?

• A) Attending a Division II or Division III school sends a stronger signal of future and present quality in the NFL.
• B) Attending a Division II or Division III school sends a weaker signal of future and present quality in the MLB.
• C) A signal of future and present quality is more important in the MLB than in the NFL.
• D) Attending a particular school is like a screening test for life insurance.

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Definitions:

Supply Function

Represents the relationship between the quantity of a good that producers are willing to sell and the price of the good.

Quantity Supplied

The amount of a particular good or service that suppliers are willing and able to provide at a given price during a certain period.

Demand Function

A mathematical expression showing the relationship between the quantity demanded of a good and its price, holding other factors constant.

Supply Function

A numerical model illustrating how the amount of a product provided is related to its cost.