6-ln the context of the local economic effects of a professional sports stadium, the substitution effect corresponds to: A) the revenue that a team obtains from residents of the local economy, which in the absence of the team would be received as revenue by other local industries. B) the investment that the owner(s) of a team makes in the local economy, which in the absence of the team would be made in other cities. C) the fact that a winner team can more easily collect revenue and substitute players. D) the revenue that the local team obtains from visitors from other cities. 7.-Naming rights are received by: A) both the government and the team (in equal shares). B) the team only, regardless who the owner of the stadium is. C) the owner of the stadium, which could be the government or the team. D) the government only, regardless who the owner of the stadium is. 8.The presence of a team will likely make the distribution of income among local residents: A) worsen, because many lowwage jobs are lost while few high-wage jobs are created. B) improve, because few lowwage jobs are lost while many highwage jobs are created. C) improve, because few high-wage jobs are lost while many lowwage jobs are created. D) worsen, because many highwage jobs are lost while few low-wage jobs are created. 9,-Among the factors that can increase the potential losses from hosting a professional sports team we can count: A) a higher percentage of local residents among game attendees. B) players and owners spending their income in other cities. C) greater local government subsidies for the construction of stadiums. D) all the above. 10.-Among the key conclusions of the literature on the economic effects of stadiums, we can count: A) attendance is associated with a substitution effect that has a sizable negative economic impact on the local economy in the four major leagues. B) the four major leagues appear to have positive net effects on the local economy. C) local employment and income distribution are generally not affected by the presence of a professional sports team. D) All the above