
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 53
Circle the letter that corresponds to the best answer. Doctors earn more than people in other professions basically because _________.
A) they need to be compensated for all those years they spent in school
B) they are in short supply relative to the demand for their services
C) it costs a lot more to be a doctor-office expenses, support staff, and malpractice insurance-than it does to be in almost any other profession
D) doctors put in longer hours than most other people
A) they need to be compensated for all those years they spent in school
B) they are in short supply relative to the demand for their services
C) it costs a lot more to be a doctor-office expenses, support staff, and malpractice insurance-than it does to be in almost any other profession
D) doctors put in longer hours than most other people
Explanation
Income can be defined as the sum of all ...
Macroeconomics 11th Edition by Stephen Slavin
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