"Player Drafts" of Professional Athletes

question 105

Multiple Choice

"Player drafts" of professional athletes:

• A) increase the competitiveness of the labor market for professional athletes.
• B) reduce the profitability of professional sports franchises.
• C) promote monopsony in the hire of professional athletes.
• D) increase salaries of professional athletes.

---

Definitions:

Proportions

The quantitative relationship between two amounts, showing the number of times one value contains or is contained within the other.

Portfolio Management

The act of making investment decisions to meet specified investment goals for the benefit of the investors.

Active Asset Allocation

Active Asset Allocation is a strategy in which an investor adjusts the proportions of various assets in a portfolio based on current market conditions and forecasts to try to maximize returns.

Market Conditions

The environmental and economic factors that affect the supply and demand, prices, and the success of businesses within a particular market.