Match the statement to the most likely pitfall in economic thinking. Prompts Rising players' salaries will cause the quality of the players to rise. Increasing revenue sharing among teams will increase competitive balance because the big market teams will transfer revenues to small market teams, who will buy more talent and increase their win percentage which increases parity. Submitted Answers Choose a match Choose a match
Match the statement to the most likely pitfall in economic thinking. Prompts Rising players' salaries will cause the quality of the players to rise. Increasing revenue sharing among teams will increase competitive balance because the big market teams will transfer revenues to small market teams, who will buy more talent and increase their win percentage which increases parity. Submitted Answers Choose a match Choose a match
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Match the statement to the most likely pitfall in economic thinking.
Prompts
Rising players' salaries will cause the quality of the
players to rise.
Increasing revenue sharing among teams will increase
competitive balance because the big market teams will
transfer revenues to small market teams, who will buy
more talent and increase their win percentage which
increases parity.
Submitted Answers
Choose a match
Choose a match
Transcribed Image Text:Match the statement to the most likely pitfall in economic thinking.
Prompts
Rising players' salaries will cause the quality of the
players to rise.
Increasing revenue sharing among teams will increase
competitive balance because the big market teams will
transfer revenues to small market teams, who will buy
more talent and increase their win percentage which
increases parity.
Submitted Answers
Choose a match
Fallacy of Composition
Violation of the Ceteris Paribus Condition
Fallacy that Association is Causation
Good Intentions do not Guarantee Desirable
Outcomes
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