11/Because of barriers to entry, the supply curve for physicians and nurses is a

Question

11/Because of barriers to entry, the supply curve for physicians and nurses is

a/downward sloping.

b/restricted.

c/unlimited.

d/ vertical

12/

Because of barriers to entry, the wages of physicians and nurses are ______ and quantity demanded is ______, causing a ______ from the previous market equilibrium.

13

In a single-payer system, the government covers the cost of

14 /

Canada is able to provide medical care to all its citizens through

15/

As a result of the National Organ Transplant Act of 1984, it is ________ to sell organs. This caused the quantity _______ of many organs to exceed the quantity ________ of those organs, as the ____________ curve of those organs is fixed.

Explanation / Answer

Ans 11 (D) Vertical because it is fixed. A limited no. of physicians and nurses are present in an economy.

Ans 12. Higher, Lower and Surplus

Ans 13. According to Obama Care, its (B)

Ans 14. (C)

Ans 15. (C)

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