To address the shortage of physicians on the horizon, it will be necessary to
a. build more medical schools.
b. provide more grants and scholarships for medical education.
c. allow the admission of more foreign-educated physicians.
d. all of these are true.
D
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Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________
A) $1,000 B) $4,500 C) $5,000 D) $45,000
Which of the following statements best describes the comparative advantage of the corresponding country regarding the iPhone?
a. The United States has a comparative advantage in designing and marketing products. b. China has a comparative advantage in designing and marketing products. c. Korea has a comparative advantage in producing components. d. China has a comparative advantage in producing components.
Everything else equal, an increase in the supply of loanable funds will
a. lower the interest rate and reduce investment spending b. lower the interest rate and increase investment spending c. increase the demand for funds d. increase the interest rate and reduce investment spending e. increase the interest rate and increase investment spending
If there is unplanned inventory accumulation there is excess
A) demand for bonds. B) supply of bonds. C) demand for commodities. D) supply of commodities.