Medical doctors earn higher incomes than Ph.D.s in economics. This is partly because:
A. medical doctors are more likely to face malpractice lawsuits.
B. the costs of receiving necessary medical education are higher.
C. a relatively small number of students are admitted to medical schools.
D. All of these
Answer: D
You might also like to view...
Which of the following increases in labor demand is due to a change in the product demand?
A. A decrease in the price of trucks decreases the cost of transporting goods, thus increasing the demand for truckers. B. Tourism increases in popularity, increasing the demand for workers at tourist resorts. C. A change in work rules increases output per worker in the auto industry, thus increasing the demand for auto workers. D. Access to computers increases the productivity of mail order businesses, thus increasing the demand for their workers.
The degree of control over its output price that any seller has is limited by
a. the existence of actual competition in the market. b. the existence of potential competition from producers who might try to enter the market. c. the elasticity of the demand for the product. d. All of these.
The Shipbreakers of Alang arouse the ire of Greenpeace because of
A) India's non-repentant nuclear stance. B) India's import-competing industrialization policies. C) the difficulty of avoiding ship accidents between Greenpeace's sailboat and the reconstructed Container ships of Alang. D) the large amount of pollution associated with the operations at Alang. E) their competition with capital-intensive industries.
A general equilibrium analysis of a price change in the corn chip market would include an investigation of the impacts in
A) the television market. B) the coffee market. C) the salsa market. D) All of the above.