Economics

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

Their fellow sports personnel gets to indulge in this gargantuan amount of money made off them, while they do not even get a minuscule percent of it. According to Stanley Eitzen, in his article “College Athletes Should be Paid,” in the year 2000, some football coaches were paid a minimum of 1,000,000 dollars in compensation. Considering this staggering figure, it is almost impossible to fathom why athletes are not being compensated something, out of all the money they generate. As a result of this deprivation of financial support, some athletes end up violating school policies. There were reports of athletes who have accepted improper benefits from coaches, fans and “boosters.” According to Dan Wetzel, in his article “Chris Webber deserves apology from Michigan, NCAA for disassociation treatment,” Former Michigan State basketball player Chris Webber, accepted money from “team booster” Ed Martin which resulted in a “humiliating 10 year disassociation penalty.” There have even been instances when athletes sold their jerseys and championship rings. These incidents resulted in suspension and expulsion of student athletes and the firing of coaches. Most, if not all of these cases, could have been prevented if universities have stepped in, and provided the financial help their athletes needed.

It is the NCAA’s policy that no student athlete shall receive any special benefits or compensation in regard to their status as an athlete of a university. This basically means that no player can accept gifts or services with any special benefits from school or athletic personnel, or receive any benefits for outside entrepreneurship for reasons regarding their play. For example, a student athlete cannot sign a jersey with their number on it and exchange it for any type of compensation. However, over the past few years, many scandalous conspiracies of soliciting services to athletes for their commitment and play have surfaced. Due to the NCAA’s stance on this issue many of these violations have left athletics programs with sanctions that in reality are very unnecessary and hardly ever punish those who initially violated the rules. The fact is that the college athletics generates on average 10.5 billion dollars of revenue annually, and the NCAA organization alone, about 720 million annually. Of that 720 million that the NCAA accounts for, only 60 percent of that is returned to the Division I universities whose athletics accounted for almost all of it. The rest is dispersed into other funds such as championship games and the national office services, with a small amount being paid to division II and III schools. However, of that 60 percent paid back to the Division I schools, which amounts to approximately 430 million dollars, the majority is spent by the University on

Shapiro also offered the players services that included entertainment, yacht rentals, paid vacations, prostitutes, nightclubs, jewelry, and abortions. Not all of what he offered was right but he still should have been allowed to pay the players bounties. The bounties he paid players caused him to suffer in court the most. He was sentenced to a total of twenty years in federal prison. Also, at Ohio State University, five players were suspended for five games for trading signed memorabilia for cash and tattoos at a tattoo parlor. Because of the “no pay” rules, student athletes cannot receive any pay from that sport or any form of future assistance. Should the “no pay” rules no longer be a factor, the NCAA would not have to deal with as many scandals that involve the paying of athletes. The only way to eliminate or greatly reduce the number of scandals is by implementing a change in the NCAA Division I Manual.

In the area of collegiate sports, there have been numerous heated debates about the integrity of many things concerning the NCAA and how it handles legal and ethical issues. Two well renowned scholars tackle this issue in their co-authored book entitled

When it comes to college athletics, there always will be a problem that arises. It is one of the most controversial topics there is. One of the main issues within athletics is the idea of whether to pay college athletes or not. Several studies have been done along with articles from various sources. This has been on the rise especially since “March Madness” is coming up. “March Madness” may only consist of three weekends, however, an 11 billion dollar deal is made to televise the games (Wilbon). This is when you have to take the time to sit back and contemplate whether these college athletes really are getting the fair end of the stick. Under NCAA laws it is forbidden to pay these athletes for their performance yet at the same time they

How much of the income in the United States is in the form of wages and fringe benefits?

In the Private Sector, there are many choices to be made by Business managers regarding which “projects” to borrow for and which “projects” to invest in.  These choices often contain a great deal of ______________________ as well as the potential for benefits (profits).

(Solomon 1) In the NCAA there are many laws that prevent the athletes from doing certain things. These laws are called the “Laws of Amateurism”. In general, amateurism requirements do not allow salary for participating in athletics, or prize money above actual or necessary expenses (NCAA Center). However Judge Claudia Wilken partially granted class action status in a lawsuit concerning the use of college athletes' names and likenesses. U.S. District Judge Claudia Wilken ruled the plaintiffs, including former and current Division I men's basketball players and Football Bowl Subdivision players, will be allowed to challenge the NCAA's current restrictions on what athletes might receive in exchange for playing sports. The ruling sets up the prospect of a fundamental change in scholarship rules and the concept of amateurism (Berkowitz 3). This would help athletes to be able to fight for the compensated pay.

1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision?

7. Which of the following must be true if a firm is experiencing economies of scale?

This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely.

It is a seriously problem are existed in China for a long time, which China is closer to being a traditional, command, or market economy. Actually, there are two main types of economy around the world what are the command economy and the market economy. China is market economy more than traditional and command economy. People always control and change some rules of economy who is the leader or government of China cause many economy issues. As we know, the departed China used to have command economy that the government have power to control and decided all economy system, which is called Communist Party. However, there was a big change in Chinese economy when Third Plenary Session of the 11th Central Committee of the Chinese Communist Party

On October 3, 2000, E-Centives, incorporated in the United States, made an initial public offering on the Swiss Stock Exchange’s New Market. The company raised approximately US $ 40 million. The E-Centives offering circular stated that no offers or sales of the company’s common stock would be made in the United States, and that there would be no public market for the common stock in the United States after the offering.

. Through the process of reading, I learned many things about the economy. First of all, I learned that it is a much more difficult decision to come to in regards of how much government involvement in the nation’s economy is enough, how much is too little, and how much is not enough. I also learned that trying to keep the economy stable and productive is a constant and difficult struggle, and that it is often difficult to even know what needs to or can be done in order to stabilize it. While I find economics to be somewhat boring (I am a music major and largely emotionally driven, which means that my entertainment is usually emotionally involving somehow), I actually enjoyed how Wheelan explained economics in this book. While I would not read it for fun, reading this book as an assignment was not painful.