Surgical specialists earn more than general/family practice physicians.Which of the following statements is not true regarding this income differential?
A) Surgeons earn more because their practice costs, including medical malpractice insurance is higher.
B) Surgeons earn more to compensate them for the extra years spent as residents.
C) Physicians' incomes are determined to a large extent by supply and demand conditions with respect to each specialty.
D) Surgeons will always earn more than general practitioners because they are smarter than general practitioners.
E) Surgeons earn more than general practitioners because cutting into people is messy.
Correct Answer:
Verified
Q6: Which of the following would increase the
Q7: What is the most significant cost of
Q9: An important element in estimating the present
Q10: Legislation considered by the 104th Congress to
Q11: Empirical studies that suggest differences in utilization
Q13: Suppose the market for nursing services in
Q14: Suppose the number of medical school graduates
Q15: Suppose the market for nursing services in
Q16: Physicians salaries increased substantially over the decade
Q17: Input demand is called derived demand because
A)demand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents