[Related to the Economics in Practice in this section] High school football is a

Question

[Related to the Economics in Practice in this section] High school football is arguably more popular in West Texas than in any other region of the country. During football season, small towns seem to shut down on Friday nights as local high school teams take to the field, and for the following week the results of the games are the talk of each town. Taking into consideration that many of these towns are one hundred or more miles away from any medium-sized or large cities, what might be an economic explanation for the extreme popularity of high school football in these small West Texas towns? O A. Only a small share of household budgets are expended on the games. O B. Few entertainment substitutes are available. ° C. Opportunity costs are relatively low. O D. All of the above are plausible. O E. A and B only

Explanation / Answer

D. All of the above.

High school football involves a smaller share of household budget and is affordable. Small towns have very few entertainment avenues, and the opportunity costs are low. Opportunity cost is the value of the next best alternative that is foregone.Small towns have very few recreation for students and the opportunity cost will be lower.

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