Doctors Demand Large Salaries in Part Because

question 266

Multiple Choice

Doctors demand large salaries in part because

• A)they are forbidden by U.S.law from receiving economic rent.
• B)most doctors have backward-bending labor supply curves.
• C)they participate in the secondary labor market.
• D)they have made significant investments in human capital.

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Definitions:

Pupil

The adjustable opening in the center of the iris of the eye, through which light enters and is focused on the retina.

Retina

The layer of tissue that is located on the inner surface of the eyeball and contains the sensory receptors for vision.

Sclera

The white, outer layer of the eyeball that provides structure and protection.

Irises

The colored part of the eye that surrounds the pupil and controls the amount of light entering the eye by adjusting the size of the pupil.