Part 1: Directions: For each question, indicate True or False with an explanation. 1. Specific skills training by the NY Yankees does little to increase the marginal revenue product of a player, outside the team, if they are traded to the Baltimore Orioles. 2. Studies overwhelmingly confirm that cities that host the Olympic Games generally receive economic benefits, but the country overall loses. 3. Analytics measuring baseball pitchers' performances are preferred if they measure factors like HRs, BBs, and similar statistics that are defensively independent of other players. 4. The substitution and income effects of a higher salary both motivate athletes to work additional years as they age. 5. Acity like Detroit should take some of their underutilized land with many abandoned houses and create sports and entertainment facilities in these areas to spur new development