Download the worksheet titled "Sports League Research Worksheet" in "Homework Assignments" on Ms. Storck's website.
Last names A-H will research the MLB.
Last names I-P will research the NFL.
Last names Q-Z will research the NBA.
Fill out the top 5 teams in each category on the worksheet. After you are finished...
Answer the following questions on a separate sheet of paper:
1. How do economists define revenue?
2. What is the difference between revenue and profit?
3. Are you surprised by the teams that are on the top of your "Most Valuable" list? Why or why not?
4. How do you think sports teams generate revenue? Give three examples.
5. Explain why the owners of the teams or their franchises do not get to take all the generated revenue.
6. Explain why incentives matter to professional teams, their leagues and the profits they earn.
7. Why are profits important to sports teams and everyone connected to them?
No comments:
Post a Comment