Physicians salaries increased substantially over the decade 1995-2005 from an average of $215,000 to $315,000 . What is the best explanation for this?
a. Physicians were smarter in 2005 than in 1995.
b. The supply of physicians has increased.
c. The supply of physicians has decreased.
d. The demand for physicians has increased.
e. The demand for physicians has decreased.
D
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Refer to the Article Summary. In 2015, the European Union initiated the BRRD program, where the burden of bailing out troubled banks is being placed on bank creditors, shareholders, and possibly depositors
If this program were to confiscate funds from bank deposits to assist troubled banks, the possibility of a bank run, a situation in which ________, would likely increase. A) many depositors simultaneously decide to withdraw money from a bank. B) a majority of the bank's loans go into default all at once. C) a majority of the shareholders in a bank decide to sell off all their shares of stock. D) a bank stops paying interest on all of its interest-bearing accounts.
Chips and salsa are complements. If the price of salsa decreases, the demand for chips will increase
Indicate whether the statement is true or false
The prisoner's dilemma is a game of strategy:
A. in which people make rational choices that lead to a less-than-ideal result for all. B. in which people make rational choices that lead to the ideal result for all. C. that leads everyone to be as well off as possible without making another worse off. D. that leads people to make irrational choices that lead to the ideal result for all.
If price is above average total costs, the firm
A. is earning negative profits. B. may be earning a positive or negative profit depending upon costs. C. is earning positive profits. D. is making a normal rate of return on its capital investment.