Which of These Is MOST Likely to Decrease the Demand

question 174

Multiple Choice

Which of these is MOST likely to decrease the demand for labor in the nursing industry?

• A) increase in demand for health care services
• B) increase in the productivity of nurses as they perform services previously done by doctors
• C) increase in Web-based medical services that allow patients to self-diagnose minor illnesses
• D) decrease in the number of colleges offering four-year nursing degrees

Identify and evaluate the potential anticompetitive effects of various business agreements and practices, including tying agreements.

Distinguish between different antitrust treatments like per se illegal activities versus rule of reason.

Understand the role of intent, monopoly power, and concerted actions in establishing violations under the Sherman Act.

Recognize the legal implications of group boycotts and their classifications under antitrust laws.

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Definitions:

Equivalent Interest Rate

A rate that converts interest rates of various compounding periods into an annual rate for comparison purposes.

Nearest 0.01%

Rounding a percentage to the closest one-hundredth of a percent.

Nearest 0.01%

Rounding a number or percentage to the closest hundredth of a percent for precision.

Emotions

Complex psychological states involving physiological arousal, feelings, cognitive processes, and behavioral reactions.