5. Suppose Mr. H is a very talented basketball player. However, he is not enrolled in any school. The school fakes his enrollment. This practice is considered to be a fraud. The organization that oversees these frauds are:

a. International Sport Committee

b. NBA

c. CBA

d. NCAA

e. IOC

6. In the US, many stadium constructions are heavily subsidized by government. Which of the following statements is true?

a. Unsubsidized stadiums tend to be lower in quality, such as missing roof.

b. Stadiums in small cities tend to receive less funding.

c. Only football stadiums are subsidized by government.

d. Metlife stadium had 100% financed by government.

e. Stadiums are privately funded.

7. Ex ante predictions are more optimistic in hosting sporting events than ex post realizations. Which of the following is NOT a reason for this phenomenon?

a. leakage effect

b. crowd out effect

c. income effect

d. substitution effect

e. tax effect

Give explanation