The prediction by the American Medical Association of a shortage of physicians by the year 2020 assumes
A) physicians' fees will not rise to a market clearing level.
B) physicians' services will be free goods.
C) physicians' services will no longer be scarce.
D) physicians will be willing to work for less income.
A
Economics
You might also like to view...
A Giffen good has
A) a positive substitution effect. B) a negative income effect. C) a larger income effect than substitution effect. D) All of the above.
Economics
In 1944 the U.S. economy was temporarily operating at point _________.
A. A
B. B
C. C
D. D
Economics
If the multiplier is 5, then the MPC must be
A) 1/5. B) 1/6. C) 3/4. D) 4/5. E) 2/3.
Economics
A worker's accumulated investment in education, training, experience, and health is called:
A. derived labor demand. B. collective entrepreneurship. C. seniority. D. human capital.
Economics