If the labor market for doctors is perfectly competitive, then an increase in the demand for doctors is likely to cause:
A. doctors' wages to increase.
B. the supply of doctors to fall.
C. the working conditions of doctors to deteriorate.
D. a persistent shortage of doctors.
Answer: A
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What will be an ideal response?
Land, labor, and capital are bought and sold in the product market.
Answer the following statement true (T) or false (F)
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A currency appreciation is a(n):
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