A physician's knowledge and skills are referred to by economists as
a. human capital
b. labor
c. physical capital
d. entrepreneurship
e. intellectual raw materials
A
Economics
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When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage, and market price will likely rise in the future to eliminate the shortage
a. True b. False Indicate whether the statement is true or false
Economics
Pay disparity by race:
A. is caused by a combination of discrimination and differences in skills. B. is caused solely by discrimination. C. is caused solely by differences in skills. D. has disappeared in the last five years.
Economics