Practice mode Human Capital

Why do top footballers tend to earn more than lecturers?

Correct answer A. Top footballers are relatively scarce in relation to lecturers

Explanation

Elite football talent is extremely rare while demand from clubs and broadcasters is huge. With supply so limited relative to demand, the equilibrium wage for top players is very high.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.