As the baby boomers in America grow old, how would the market for health-care workers be affected?
A. Supply increases and wages decrease.
B. Supply decreases and wages increase.
C. Demand decreases and wages decrease.
D. Demand increases and wages increase.
Answer: D
You might also like to view...
A profit-maximizing monopoly produces a lower output level than would be produced if the
industry was perfectly competitive. Indicate whether the statement is true or false
Through correspondent banking, large banks provide services to small banks, including
A) loan guarantees. B) foreign exchange transactions. C) issuing stock. D) debt reduction.
All of the following are strategies a firm with market power can adopt to increase it profits over time except:
A) mergers with, and acquisitions of, competing firms. B) erecting barriers to entry. C) setting price equal to the marginal costs of production. D) influencing the regulatory process.
Considering both the Keynesian and the aggregate demand-supply frameworks, if households as a group experience an increase in wealth at a given price level, then the TE curve shifts __________, the AD curve shifts __________, and Real GDP __________
A) downward; leftward; decreases B) downward; rightward; decreases C) upward; rightward; increases D) upward; leftward; increases