As the general population has aged, there has been an increase in the number of nursing homes, community health facilities along with the development of home care facilities. All of these factors have produced an increase in the demand for nurses. Simultaneously, improved job opportunities for women other fields have reduced the supply of nurses. Despite these factors, hospitals, the major employers of nurses, have resisted wage increases. The resulting situation can be described as
A. a cost disease in the service sector.
B. a shortage of nurses.
C. the problem of auxiliary restrictions.
D. a wage floor problem.
Answer: B
You might also like to view...
Suppose a buyer and a seller agree to split the cost of hiring an interpreter who charges $4 per transaction. The seller's opportunity cost is $35, while the buyer values the good at $45 . If the gains from this transaction are split equally between the buyer and the seller, how much will each gain from this transaction?
a. $10 b. $4 c. $3 d. $5
In 1936, John Maynard Keynes published a book, The General Theory, which attempted to explain
a. stagflation. b. the classical dichotomy. c. short-run economic fluctuations. d. how changes in the money supply had created the Great Depression.
Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.5 million for each firm. The four-firm concentration ratio for industry A is:
A. 1.0. B. 0.7. C. 0.8. D. 0.9.
As more satisfaction is expected from the purchase of a product, the flow of dopamine in the brain increases.
Answer the following statement true (T) or false (F)