If more people enter medical school, we can expect:
a. the demand for doctors to increase.
b. the supply of doctors to increase.
c. the demand for doctors to decrease.
d. the supply of doctors to decrease.
e. no effect on the supply or demand of doctors?just a movement along the curves.
b
You might also like to view...
The purchase of a foreign asset by a U.S. resident is a
A) surplus item on the financial account. B) deficit item on the current account. C) deficit item on the financial account. D) surplus item on the current account.
What will be the principal and most immediate effect on the supply or demand for raw cotton grown in the United States if cotton-growing states experience rapid industrialization?
A) Decrease in demand B) Decrease in supply C) Increase in demand D) Increase in supply
Positive correlation between x and y implies that
A) when x is high, y is high. B) when x is high, y is low. C) when x is zero, y is positive. D) x and y are positively unrelated.
Rational expectations theory rejects the concept that only unanticipated or surprise policies can influence inflation
a. True b. False Indicate whether the statement is true or false