Focusing on a single sport

Assignment Help Business Economics
Reference no: EM131991493

The theory of comparative advantage predicts that athletes perform better when they specialize. Studies show that young athletes are increasingly focusing on a single sport. Do you think this is a good idea?

Yes, this is a good idea. According to the comparative advantage theory, unique products or firms producing better products at a lesser cost have comparative advantage over other firms. Likewise, if an athlete focuses on only a single sport, he will get better at it and will be at a comparatively advantageous position as compared to others who try out all the sports.

Are there any disadvantages to children and teenagers specializing and playing just a single sport?

Reference no: EM131991493

Questions Cloud

Explain the concept of corporate social responsibility : BLB10042-6 Contemporary Management Issues Assignment - Explain the concept of Corporate Social Responsibility according to Caroll (1991)
Determine the break-even point in terms of number of copies : Determine the break-even point (per month) in terms of the number of copies for each machine if Jerry charges customers 5.0 cents per copy.
What various strategies are used in online retailing : Differentiate how drop shipment strategy differs from other organizational delivery structures. Describe how this strategy differ from non-online retailing?
Quantity demanded of cupcakes : Suppose that the quantity demanded of cupcakes is 50 cupcakes when the price of a cupcake is $4. If the price rises to $5 for each cupcake
Focusing on a single sport : Studies show that young athletes are increasingly focusing on a single sport. Do you think this is a good idea?
Pure monopoly and oligopoly : What are some similarities and differences between a pure monopoly and oligopoly?
What are cultural considerations for co-sleeping practices : What are the cultural considerations for co-sleeping practices? Are the risks for co-sleeping (either social, emotional, or health-related) significantly.
Nations experience inflation : Assume the law of one price holds, if a nation experiences no inflation at home can it maintain constant prices and constant exchange rate in the long run
Provide reflection for income tax and that interests people : Please provide a reflection for income tax and that interests people and that people would like to learn more about.

Reviews

Write a Review

Business Economics Questions & Answers

  Trademark law does not allow the holder to sell trademark

Trademark law does not allow the holder to sell a trademark independent of the good to which it is attached. Thus, Coca-Cola cannot sell its use of the trademark "Coke" to another producer of cola syrup that mark may be sold only with the syrup produ..

  What are the advantages and disadvantages of currency union

What are the advantages and disadvantages of a currency union? Describe the theory of optimum currency areas?

  Firm chooses the quantity of output that generates largest

To maximize? profit, the firm chooses the quantity of output that generates the largest:

  Describe national model of universal healthcare coverage

Describe a national model of universal healthcare coverage. Compare the model's methods of funding for healthcare in the United States. Identify which one you think is best by discussing access and quality detail.

  The equilibrium price and quantity in a competitive market

What happens to the equilibrium price and quantity in a competitive market under following conditions?

  What is the price paid by the importing country

Suppose Qd=-23*P+670, Qs=30*P+12 for home and Qd*=-23*P+402, Qs*=30*P+34 for foreign. Further suppose that the importing country place a tariff of 0.23 on the product. What is the price paid by the importing country to two decimal places?

  An economy has a total amount of 100 units of a good to

an economy has a total amount of 100 units of a good to allocate between two persons-amanda and britney. amandas

  Distribution of consumption as a fairness concern

Traditionally we look at the distribution of consumption as a fairness concern, not an efficiency concern. Why is that the case? Is there a perspective from which income distribution looks like a public good?

  Blight destroys a significant portion of the corn crop

Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..

  Perfectly competitive and is in long-run equilibrium

If a market is perfectly competitive and is in long-run equilibrium, which of the following conditions does not hold?

  Health care economics health demand and supply

Discuss the primary manner in which these concepts impact the world of health care economics health demand and supply, elasticity, resources, health measures.

  Policy argument in favor of policy and one counter-argument

Learning Objectives for Henry Hazlitt’s Economics in One Lesson #1. In your own words, state “the Lesson” of Hazlitt’s Economics in One Lesson and explain how it applies in the following instances. Include at least one policy argument in favor of the..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd