Suppose the number of medical school graduates continues to increase over the next decade. Which of the following is true?
a. Physicians' salaries will rise if the demand for medical services rises more than the supply of physicians rises.
b. Physicians' salaries will fall only if the demand for medical services falls.
c. Physicians' salaries must rise.
d. Physicians' salaries will fall if the demand for medical services rises more than the supply of physicians rises.
e. Physicians' salaries must fall.
a. Physicians' salaries will rise if the demand for medical services rises more than the supply of physicians rises.
You might also like to view...
In 2007, France's GDP totaled $1.9 trillion and in 2006 GDP was $1.8 trillion. The total amount spent on new capital in 2007 was $357 billion and in 2006 was $335 billion
To calculate the amount of net investment in France for these years, you need to know ________. A) saving B) depreciation C) the amount of financial capital available. D) the aggregate production function.
Steve Forbes has run for president twice on a program of a "flat tax." Under a flat tax, there would be only one tax bracket for the federal income tax and most tax deductions and tax exemptions would be eliminated
Suppose that Forbes wins the 2016 presidential election. What would be the likely impact on the market for municipal bonds?
A weighted output maximization could serve as a reasonable pricing guideline
Indicate whether the statement is true or false
Which of the following scenarios would most likely occur with a company that has reported disappointing earnings recently but still looks to be financially stable for quite some time?
A. high long-term solvency ratio but low profitability ratio B. high short-term solvency ratio but low profitability ratio C. high long-term solvency ratio but low activity ratio D. high short-term solvency ratio but low activity ratio