I'm a physician in New York City, my favorite city in the world. What would be some of the non-monetary determinants of my wages?

Question

Quizplus · Accepted Answer

While the physician's education would typically lead to higher wages, the desirability of the location (New York City) may cause wages to be reduced due to increased competition and saturation of the market. Therefore, option C, "My wages are higher because of my education, but they are reduced because of the desirability of my location," is the best choice.

I'm a Physician in New York City, My Favorite City