Question

How would the following factors affect the supply of health personnel in labor market? 1- The...

How would the following factors affect the supply of health personnel in labor market?


1- The number of new graduates increased.


2- The wage rate of health personnel decreased.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1. If the number of new graduates increased, then the supply of health personnel in the labour market would increase as their is a direct relationship between the number of graduates passed and the supply of health personnel.

2. However, if wage rate of health personnel fell then the supply of health personnel would fall as due to the lower wages, people would choose other jobs over being a health personnel. This would cause a fall in supply of health personel and increase in their wages till it reaches the equilibrium.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How would the following factors affect the demand for health personnel in labor market? MY program...
How would the following factors affect the demand for health personnel in labor market? MY program is Quitting smoking 1- The number of well-trained staff members increased. 2- An increase in the availability of certain technologies.
(b) How would the following factors affect the supply of services in your proposed program?\ My...
(b) How would the following factors affect the supply of services in your proposed program?\ My program is Quitting smoking 1- A new law requires that health education programs hire only staff with master degrees. 2- The wage rate of health personnel decreased.
How does labor supply depend on the wage? What other factors affect labor supply?
How does labor supply depend on the wage? What other factors affect labor supply?
How would the following factors affect the demand for your proposed program? My program is Quitting...
How would the following factors affect the demand for your proposed program? My program is Quitting smoking 1- A high price ceiling placed on participant fees. 2- The number of similar health education programs increased.
how do changes in the factors that affect demand or supply affect the market price and...
how do changes in the factors that affect demand or supply affect the market price and quantity of good ? how do markets allocate resource?
Indicate whether each of the following factors will affect aggregate demand (AD) or aggregate supply (AS)...
Indicate whether each of the following factors will affect aggregate demand (AD) or aggregate supply (AS) and whether the effect would be an increase or a decrease. Then indicate what will happen to the price level and the level of real GDP and what type of equilibrium will result assuming that the economy is initially in long-run equilibrium. a) A decrease in the nominal wage rate. It will affect Aggregate Supply and will result in an increase in total supply....
1)What is the “price” commonly called in the labor market? 2)Are households demanders or suppliers in...
1)What is the “price” commonly called in the labor market? 2)Are households demanders or suppliers in the goods market? A) Demander B) what? C) Supplier D) none of the above 3)Are firms demanders or suppliers in the goods market? A) Supplier B) Demander 4)Are firms demanders or suppliers in the Labor market? A) None of above B) Supplier C) Demander 5)Are households demanders or suppliers in the Labor market? A) Supplier B) Demander 6)Which of the following would be factors...
1. Which of the following is correct? A.Any event that changes the supply or demand for...
1. Which of the following is correct? A.Any event that changes the supply or demand for labor must change the value of the marginal product. B.A profit-maximizing firm hires workers so long as the wage rate exceeds the value of the marginal product of labor. C.An increase in the supply of labor increases both employment and wages. D. A decrease in the demand for labor decreases wages but increases employment. 2. Suppose that the market for labor is initially in...
When the supply of labor increases, according to the specific factors model, which of the following...
When the supply of labor increases, according to the specific factors model, which of the following is likely to happen? A.) The marginal product of labor increases in all industries B.) The rental return to both specific factors will increase C.) The number of workers employed will decrease D.) The overall wage in the economy increases in the short run
How would unemployment benefits affect the labor market and why?
How would unemployment benefits affect the labor market and why?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT