Questions & Answers
Browse all 25 questions from the
Introduction to the Economics of Sport study set below.
Each question shows the correct answer — select a study format above to practice interactively.
1
What is the money paid to a professional athlete for their work called?
-
A
Tax
-
B
Salary
-
C
Debt
-
D
Interest
2
What do sports teams sell to fans so they can enter a stadium to watch a game?
-
A
Tickets
-
B
Stocks
-
C
Loans
-
D
Bonds
3
Which of these is a limited resource that sports teams must manage?
-
A
Air
-
B
Sunlight
-
C
Money
-
D
Gravity
4
What do companies pay sports teams for to have their names shown on jerseys or stadiums?
-
A
Sponsorship
-
B
Donation
-
C
Grant
-
D
Refund
5
When a team wins a championship, what is the prize money they receive known as?
-
A
Revenue
-
B
Fine
-
C
Fee
-
D
Interest
6
What is the term for the cost of buying sports equipment like bats or balls?
-
A
Profit
-
B
Price
-
C
Dividend
-
D
Investment
7
Where do professional sports teams usually play their games to earn revenue from fans?
-
A
Library
-
B
Park
-
C
Stadium
-
D
Classroom
8
What do we call the money a person spends to buy a team jersey?
-
A
Savings
-
B
Expense
-
C
Profit
-
D
Wage
9
What is a person who buys a ticket to watch a sports game called?
-
A
Consumer
-
B
Producer
-
C
Employee
-
D
Investor
10
What is it called when a team brings in more money than it spends?
-
A
Loss
-
B
Debt
-
C
Profit
-
D
Tax
11
What do teams often sell at games to help them earn extra money?
-
A
Food and drinks
-
B
Free gifts
-
C
Electricity
-
D
Water
12
Which of these is a way sports teams earn money from television?
-
A
Broadcast rights
-
B
Lottery tickets
-
C
School fees
-
D
Rent
13
What is the name of the money collected by the government from sports business profits?
-
A
Tax
-
B
Salary
-
C
Wage
-
D
Bonus
14
What do sports leagues use to divide teams into smaller groups?
-
A
Divisions
-
B
Classes
-
C
Months
-
D
Years
15
What is a professional athlete's career usually based on?
-
A
Physical skill
-
B
Cooking skill
-
C
Painting skill
-
D
Writing skill
16
What are items like cleats and helmets considered in the sports economy?
-
A
Goods
-
B
Services
-
C
Ideas
-
D
Dreams
17
What is the activity of a coach teaching a team called in economic terms?
-
A
Service
-
B
Good
-
C
Debt
-
D
Tax
18
What is the primary reason professional sports teams operate?
-
A
To earn money
-
B
To grow trees
-
C
To cook food
-
D
To build roads
19
What are the people who watch sports games on TV called?
-
A
Viewers
-
B
Workers
-
C
Farmers
-
D
Teachers
20
What is a collection of sports teams playing in the same system called?
-
A
League
-
B
Family
-
C
Club
-
D
Group
21
What is the name for the money a bank might lend a sports club?
-
A
Loan
-
B
Salary
-
C
Gift
-
D
Prize
22
What do we call the total amount of money a stadium makes from ticket sales?
-
A
Revenue
-
B
Fine
-
C
Interest
-
D
Wage
23
What do teams need to pay to the owners of the stadium they use?
-
A
Rent
-
B
Salary
-
C
Dividend
-
D
Tax
24
Which of these is a type of sports business?
-
A
Professional club
-
B
Public library
-
C
City park
-
D
School playground
25
What is the act of buying sports trading cards called?
-
A
Spending
-
B
Saving
-
C
Taxing
-
D
Borrowing
