The Economics of Sport and Leisure Quiz
Test your knowledge of The Economics of Sport and Leisure with these A-Level Economics questions.
This quiz consists of 8 questions. Scroll down to start the quiz!
Questions
Which type of leisure activity would have a higher income elasticity of demand - cinema tickets, ice skating or holidays?
Holidays are more expensive, and they take up a larger % of your income.
Why are cinemas an example of an oligopoly?
The cinema sector is dominated by a few key players who are interdependent in their actions.
How do exchange rates impact demand for holidays?
If the £ is stronger demand for holidays is likely to increase, if its weaker demand for holidays is likely to decrease.
What factors are likely to shift the demand curve for tickets to a football match?
Prices of other leisure events, prices of substitutes e.g. watching the match on TV, incomes, tastes and fashions, advertising.
After England won the Cricket World Cup there was an increase in demand for tickets to cricket matches - why do you think this was?
The increase was due to more people being aware of cricket and a change in fashion as when UK teams are doing well more people want to see them.
What has happened to the demand for leisure events in recent years?
Demand has increased as incomes have increased.
Why do leisure activities generally have elastic demand?
They are seen as luxuries so are more vulnerable to changes in price.
The price of most leisure activities is determined by demand and supply. To what extent do you think the government should intervene in the market for sporting events to decrease the price and increase participation? (15 marks)
Level 1
Doesn’t identify any issues. Shows little understanding of economics. Lacks evaluation and analysis. Question not answered adequately. Few, if any, relevant issues are recognised. Economic concepts and principles are
0 to 3 marks
Level 2
Identifies at least one issues. Uses basic economics to answer the question. Some identification of different points of view but evaluation is lacking or very basic. Answer lacks clear structure and fails to fully understand the question. or more relevant issues are recognised. Basic terminology may be used.
4 to 6 marks
Level 3
At least two issues identified. Economic concept and ideas are applied and understanding is demonstrated. Looks at alternative viewpoints and evaluates key issues / arguments. Uses key economic terms.
7 to 10 marks
Level 4
Shows a good understanding of economic concepts and models which are used to help answer the question. Demonstrates an understanding of different view points which enables evaluation of the issues and arguments. Conclusions are drawn.
11 to 13 marks
Level 5
Identifies at least three issues. Demonstrates a good understanding of economic models and concepts which are applied to help answer the question. Looks at alternative points of view. Uses theory to help evaluate key issues and support conclusions.
14 to 15 marks
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