NCAA a monpoly?

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NCAA a monpoly?
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I teach an Economics of Sports class here at Iowa State University.  In my class, we discuss the economic structure of the NCAA and professional sports leagues in the U.S.  You are correct that the NCAA is a cartel and so is a professional sports league.  One thing different about the NCAA vs a pro sports league is that members of the NCAA are involved in multiple sports and members typically represent non-profit organizations, whereas a pro sports league focuses on one sport and team owners are profit oriented.  A cartel is a combination of independent enterprises who w

Are economic cycles connected to war?

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Are economic cycles connected to war?
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There are really two questions here: (1) what are the causes of economic fluctuations, generally? And (2) what role do wars and military spending play in these fluctuations? 

Answering the first question is beyond the scope of this forum, and is broadly the topic of concern for an entire branch of economics known as macroeconomics.  The answer to the second is that, indeed there is a large literature exploring the effects of military spending on the economy, which can be seen as a subset of the mechanism explored by macroeconomics. 

Calculating GDP

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Calculating GDP
Answer: 

The main problem with your calculation is that you are using as "G" the French government's budgetary expenditure, which most likely includes large transfer payments. Transfer payments are not part of GDP. Another problem is that you are adjusting for the government borrowing, which has no place in the GDP calculations.

Laura Cunningham

Feature Story

Laura Cunningham understands that a lot of folks can’t relate to what her life is like as a cattle farmer in northern Iowa.

Cunningham, the new chair of the Iowa Farm Bureau Young Farmer Advisory Committee, says she tries do whatever she can to educate fellow Iowans and others about raising cattle and beef nutrition.

She invites county supervisors and bloggers to visit her cattle farm in Nora Springs. She gives virtual tours of the farm for local students, and she shares photos of the cattle and her adorable blue heeler puppy, Annie, on social media.

Does fundraising require 100% participation?

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Does fundraising require 100% participation?
Answer: 

This question is in two parts: 1) How prevalent is the requirement for 100% giving of any amount; and 2) Do organizations raise more money if there is a 100% giving expectation?

Let me begin by stating that I’m not aware of any research which directly addresses these questions. However, there is evidence which is highly suggestive.

Do only wage earners count?

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Do only wage earners count?
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The answer is no. It is not correct to conclude that Bukina Faso’s economy is supported by only 15% of the population. It is a common challenge in developing countries to appropriately account for employment and the economic contributions of a large informal sector of the economy. For example, many subsistence farmers are productive contributors to the economy but are not registered as formal employees and therefore are not properly reflected in many government statistics.

How can there be inflation at different rates within the same currency zone?

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How can there be inflation at different rates within the same currency zone?
Answer: 

Effectively, you are asking: how can there be different prices across countries within the same currency zone? This may sound surprising because within the Euro common currency, for example, we label regions as countries and there is a price index computed for each country. While, for example, the US -- which is itself a well-established currency union -- there is typically one such computed price.

How should we define "rarity"?

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How should we define "rarity"?
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In the strictest (or standard) sense of the word, you would be correct that game A is “rarer”, given that there are fewer of these in existence than game B. However, the other person is not totally wrong because, in the words of economists, the “quantity supplied” of game B is less than that of game A.

Cody Meister

Feature Story

Current employer/job title: Cargill, Burns Harbor, Indiana, Production Supervisor Trainee

My job at Cargill is to help lead and coach plant operations and ensure day-to-day operations are run efficiently and, most importantly, safely. 

Working in a diverse environment, we are almost always doing something, whether that's loading a ship or barge, unloading a train, or dumping trucks. I love how no two days are the same. I also love interacting with farmers and leading a fun and easy team. 

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