Professional athletes command and receive higher salaries than teachers. Yet teachers, not athletes, are considered essential to

Question:

Professional athletes command and receive higher salaries than teachers. Yet teachers, not athletes, are considered essential to economic growth and development. Why then do athletes receive higher salaries than teachers?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

See More Books

Question Posted: Feb 07, 2013 06:10 AM

See More Questions

Professional athletes salaries are often criticized for being over the top. Many also earn even more money through endorsements. Various NBA (National Basketball Association) and MLB (Major League...
Why is inflation higher than money growth in high inflation countries and lower than money growth in low inflation countries?
Why has Hong Kong experienced faster economic growth than the United States?
A solid cubical block of side length 0.6 m is suspended from a spring balance. When the block is in water, the spring balance reads 80% of the reading when the block is in air. Determine the density...
Calculate DG and KP for the following processes at 25C: (a) H2(g) + Br2(l) 2HBr(g) (b) 1/2 H2(g) + 12 Br2(l) HBr(g) Account for the differences in DG and KP obtained for (a) and (b).
Prime Time Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on July 31, 2012, is shown below. The following business transactions were...
Paula Phillips arrived back at her office at St. Paul Copy Machines around 4:00 on Tuesday afternoon. As she sat behind her desk looking dejected, her sales manager, Jeff Baker, showed up to ask how...
Each of the following events/amounts is independent of all others. 1. Decrease in inventory. 2. Loss on sale of an asset. 3. Amortization of a patent 4. Increase in wages payable. 5. Increase in...
The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: 2015 2014 Income statement: Sales revenue $190,200* $168,600 Cost of goods...
Drew Implements makes four models of utility and light construction tractors. The model names are DI-1400, DI-3800, DI-5000, and DI-8000. Drew manufactures the tractors in two departmentsFabrication...
If all individuals have backward-bending labor supply curves, is the labor supply curve for a particular industry or occupation also backward bending?
The availability of jobs at higher real wages motivates many people to migratelegally or illegallyto the United States. Other things being equal, what impact would a large influx of immigrants have...
Light is incident from above on two plates of glass, separated on both ends by small wires of diameter d = 0.600 mm. Considering only interference between light reflected from the bottom surface of...
Using the pneumatic components as follows: i. IL iv. V. 1 unit of 3/2 way valve with push button actuation and spring return 1 unit of 5/2 way valve with pneumatic pressure actuation and spring...
The table shows the maximum amount of hoola hoops and jump ropes that Asif and Karl can produce with the same amount of resources.
Which has the curve c as its image. Compute the length of the curve. Let the curve c be given by the graph of the function y=f(x), f(x)=coshx, 0 x 1 Give a path 7: [0,1] C
The t-shirts can be purchased by employees for themselves, family members, suppliers, or customers. You will sell the t-shirts for $25 each. Your boss agrees with your idea and tells you to proceed....
Calculate the slope and deflection at the midpoint of the beam given in Figure. 300 N/m -3 m 3 m 600 N (B+10)x10 N.m 40 mm 200 mm C+10mm 200 mm. L C+10mm
Write the Lewis symbol for the following species. (a) A potassium atom (b) A nitrogen atom (c) A boron atom (d) F -
"Standard-cost procedures are particularly applicable to process-costing situations." Do you agree? Why?
Refer to the accompanying table for Waxwania: a. What is the marginal tax rate in Waxwania? The average tax rate? Which of the following describes the tax system: proportional, progressive,...
How would each of the following, ceteris paribus, affect the college wage premium over a long period of time? a. Government scholarships are sharply curtailed. b. Weird solar radiation renders all...
Each of the following observations, ceteris paribus, implies something about a particular labor market. For each one, (1) identify the relevant labor market; (2) state whether you expect the wage...
The following gives employment and daily output information for Your Mama, a perfectly competitive manufacturer of computer motherboards. Number of Workers Total Output 10 ..............80 11...
1. Consider the following pseudocode. What does it produce? Set a = 0 Set b = 0 Set c = 1 Set d = 1 Report the value of d Repeat until a equals 10 Set d = b + c Set b = c Set c = d Add 1 to a Report...
3. It has been observed that a particular plant's growth is directly proportional to time. It measured 2 cm when it arrived at the nursery and 2.5 cm exactly one week later. If the plant continues to...
List four equivalent forms for the rational expression. x-2 x+9

Professional athletes command and receive higher salaries than teachers. Yet teachers, not athletes, are considered essential to

Question:

Step by Step Answer:

One reason is that there is a great demand for the services of profe...View the full answer

Exploring Economics

Students also viewed these Economics questions