Demographers Predict That the Average Age of the Population of the U.S.will

question 52

Multiple Choice

Demographers predict that the average age of the population of the U.S.will increase.One result will be an increase in the demand for nurses.Assume that the graph below describes the current nursing labor market in a mid-sized city,and that the market is a competitive one.
In the long run,if the nursing market is perfectly competitive,the demographic shift that increases the demand for nurses is likely to

• A) cause nurses' wages to increase,providing a greater incentive to choose nursing as a career.
• B) cause the working conditions of nurses to worsen,providing a disincentive to choose nursing as a career.
• C) cause a persistent shortage of nurses because the market undervalues nurses.
• D) shift back to the original demand as needs are unmet.

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Definitions:

Success Rate

A measure or percentage indicating the proportion of successes in a specific number of attempts or operations.

Failure Rate

A measure of the frequency at which an engineered system or component fails, expressed in failures per unit of time.

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The act of understanding and learning through mental processes, experiences, and sensory engagement.

Concepts

Concepts are mental categories that group objects, events, and characteristics on the basis of common properties, enabling individuals to organize and simplify information in the world around them.