If there are 200 physicians per 100,000 population in the United States generally, but over 500 per 100,000 population in San Francisco,
A) physicians are not scarce in San Francisco.
B) physicians particularly enjoy living and working in San Francisco, for financial and other reasons.
C) residents of San Francisco necessarily need more medical services than the average American.
D) there is a shortage of patients in San Francisco.
E) there is a surplus of physicians in San Francisco.
B
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An analysis of the case of Harley-Davidson reveals that the deadweight loss of import protection ___________ the gain in future producer surplus.
a. was slightly less than b. slightly exceeded c. vastly exceeded d. was roughly the same as
Economists consider the ________ to be the most accurate measure of interest rates
A) simple interest rate. B) current yield. C) yield to maturity. D) real interest rate.