Minimum Wage and Player Compensation

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Recently a variety of developmental sports leagues, including Major Junior Hockey in Canada, and Minor
League Baseball in the United States, have been challenged to pay athletes at least
minimum wage.
Write a short brief (500-750 words) aimed at a general sports audience explaining the potential effects of
requiring teams to pay minimum wage, and take/defend a position on whether such a requirement would be a
positive or negative development, in your opinion. (I am not asking you to make an argument on the legality of the issue.)

Sample Solution

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Neurological Disorders

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Evaluate the causes of stroke. Discuss the differences between transient ischemic attack and cerebrovascular accidents (CVA). Discuss the types, warning signals, and treatment of CVA.
What causes migraine headache? Discuss its signs, precipitating factors, and treatment. Discuss the role of analgesic and preventive drugs.
Why is it important to determine whether a patient is suffering from viral or bacterial meningitis? Explain the cause, pathophysiology, manifestations, laboratory investigations, and treatment of bacterial meningitis.
Read and evaluate the pathophysiology associated with Alzheimer’s disease. Describe the changes in the brain as Alzheimer’s disease develops along with the effects on body functions. What are the possible treatments of the disease?

Sample Solution

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Media and Fashion: Luxury

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What relationships exist between luxury and fashion? (most important)How might luxury both influence fashion
and remain separate from it? (most important)
Why is street style so important for fashion today, whether in terms of luxury, mass or subcultural markets?
What are its most salient characteristics and how do these evoke the significance of community as well as
individuality?
Both luxury and street style acknowledge and address fashion’s more global reach and influences as well as
more local practices (like the role of hip hop in America or street subcultures in Japan). How might these
understandings advance ideas of fashion’s relationship to identity, communication and community? (second
most important)

Sample Solution

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European Economic Integration

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  1. What is the difference between the real and the nominal exchange rate? Give an example to explain this to a
    non-economist. Is an improvement in the terms of trade the same as an improvement in price
    competitiveness? Is an increase in the real cost of imports an improvement or a deterioration in the terms of
    trade?
  2. “A sudden increase in interest rates in the European Union would likely lead to both depreciation of the US
    dollar and upward pressure on US interest rates.” Agree? Disagree? Why?
  3. The new member states are likely to be affected by the Balassa-Samuelson effect. What does this imply for
    their inflation rates once they join the Eurozone?
  4. How effective is the exchange rate instrument in correcting asymmetric shocks? What other instruments
    could be used?
  5. Why does devaluing the domestic currency have an expansionary effect on the economy? Does this
    expansionary effect take place if capital is perfectly immobile? Why or why not?
  6. Using the IS-MP-IRP framework, examine the case when fiscal and monetary policies are jointly made
    expansionary. Characterize the differences between the fixed and flexible exchange rate regimes. Which
    policies work and which do not?

Sample Solution

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