Why Does Brett Favre Make $8.5 Million Per Year?

Students examine how salaries are determined by market forces of supply and demand. They consider the diamond-water paradox and how it applies to professional athletes' salaries. Also, they explore concepts of labor supply, demand and equilibrium.

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Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Research
Year
2006
Usage Permissions
Fine Print: Educational Use