An increase in the number of nursing homes and community health centers and the expansion of home care has led to an increase in the demand for nurses. At the same time, improving opportunities for women in business have reduced the supply of nurses. Hospitals, the major employers of nurses, have resisted wage increases. The resulting situation could be described as
a. the cost disease of the service sector.
b. a shortage of nurses.
c. the problem of auxiliary restrictions.
d. the wage floor problem.
b
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The economic theory of discrimination suggests that the practice of apartheid in South Africa should have
a. worsened the economic condition of only the blacks. b. worsened the economic condition of only the whites. c. worsened the economic condition of whites as well as others. d. improved the economic condition of the whites.
Voters may be rationally ignorant about political issues because they:
a. don't realize how much they benefit from voting b. underestimate the effect of their one vote c. believe that the cost of gaining the information is greater than the benefit of having the information d. all of the above
Marginal social cost is the difference between the marginal cost and the marginal damage cost.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. The profit-maximizing number of haircuts for Dom's Barber Shop is
A. 20. B. 23. C. 25. D. 30.