Sports Econ Final
in which market would you expect a team to benefit most from an increase in local revenue sharing?
jacksonville
total revenues of top european soccer club rivals the levels seen at the top of north american professional sport
true
winning is worth much more in some territories than in others
true
what labor rights does the National labor relations acts guarantee workers?
- organize and form unions - bargain collectively through representatives of their own choosing - use pressure tactic such as strikes and picketing
when compiling the schedule, leagues generally want to grow interest in only a few strong teams rather than consider the interests of the majority of clubs.
Falsd
it is very common for european soccer clubs to share gate receipt revenues with other league teams.
False
the four major north american sport leagues have nearly 100% coverage of the top 30 markets by population
False
which league utilizes final offer salary arbitration?
MLB
which professional league has not implemented a salary cap?
MLB
revenue balance in professional sport has consistently improved since the 1950s.
true
which league historically has had the lowest levels of competitive seasonal balance?
NBA
titles tend to be won by organizations in larger revenue markets
true
more teams reaching the playoffs means fans in more markets remained tuned in to MLB content throughout the duration of the season.
True
the introduction of the three point shot in NBA increased consumer interest in the league.
True
of the following countries, in which would you expect a top-tier European soccer club to generate the greatest revenues a. italy b. netherlands c. france d. belgium
a. italy
the US falls under the umbrella of which FIFA regional affiliate? a. MLS b. CONCACAF c. premier league d. la liga
b. CONCACAF
which is an example of single entity cooperation, but with cooperation of conferences rather than owners? a. NHL b. College football playoffs c. olympics d. NBA
b. college football playoff
In which of the following markets would you least expect the NFL to place a new expansion team? a. chicago b. new orleans c. new york d. los angeles
b. new orleans
when did MLB expand to include league divisions? a. 1900 b. 1947 c. 1969 d. 1994
c. 1969
which of the following is a potential drawback to league expansion? a. provide access to new markets b. new members are a source of revenue c. expansion may dilute the quality of games d. new franchises pay extension fees of hundreds of millions of dollars
c. expansion may dilute the quality of games
which of the following are the responsibility of leagues in order to facilitate play? a. setting season schedule b. organizing playoffs and championships c. implementing league rules and rules changes d. all of the above
d. all of the above
what is the likely effect of an increase in team revenue sharing on player pay?
decrease
what effect will a long term increase in competitive imbalance most likely have on consumer demand?
decreased
a ratio of standard deviation (RSD) value of 0 represents a perfectly balanced league.
false
empirical studies have demonstrated evidence that the implementation of the draft significantly alters competitive imbalance
false
examples of UEFA national soccer organizations include english premier league, la liga, and serie a
false
exclusive territories in professional sport are created in an equal and equitable fashion
false
inequality of family income, worldwide, is typically much lower than the imbalances we see in professional sport leagues.
false
joint venture cooperation generally decrease the economic welfare of league members
false
large revenue owners directly subsidize small revenue owners through revenue sharing deals
false
monopoly power stems from having close substitutes
false
once fully established, professional sporting leagues were generally very supportive of their star players engaging in barnstorming tours.
false
payroll imbalance directly leads to revenue imbalance
false
strikes and lockouts are relatively common in professional sport
false
the majority of MLB teams exceed the luxury tax threshold and pay into the system
false
which of the following metrics can be used to represent payroll and revenue inequality?
gini coefficient and lorenz curve
what was so unique about the 1987 NFLPA labor strike in comparison to other professional sport work stoppages?
replacement players crossed the picket line and played in official league teams
MLB will implement a "pitch clock" starting in the 2023 season.
true
a smaller gini coefficient value indicates greater equality
true
it is relatively common for owners to threaten to move their team if the host city does not help subsidize a new venue.
true