Table 18-12
Table 18-12 shows income distribution data for two countries. Use this data to answer the following questions.
-In a market economy, the high salaries of some star baseball players such as Zach Greinke, are determined by
A) team owners, based on the total number of star athletes they plan to hire.
B) advertising companies, based on what they are willing to pay to advertise their products at baseball games.
C) the interaction of the demand for star athletes and the supply of star athletes.
D) consumers, based on their willingness to watch baseball games.

Question

Table 18-12
  Table 18-12 shows income distribution data for two countries. Use this data to answer the following questions.
-In a market economy, the high salaries of some star baseball players such as Zach Greinke, are determined by
A) team owners, based on the total number of star athletes they plan to hire. 
B) advertising companies, based on what they are willing to pay to advertise their products at baseball games. 
C) the interaction of the demand for star athletes and the supply of star athletes. 
D) consumers, based on their willingness to watch baseball games.

Quizplus · Accepted Answer

The Answer is C

Table 18-12 Table 18-12 Shows Income Distribution Data for Two