Suppose the Following Two Events Occur in the Domestic Market

question 136

Multiple Choice

Suppose the following two events occur in the domestic market for radiologists:
A.Some hospitals are outsourcing some radiology services such as reading X-rays.
B.Some medical schools have closed down their radiology departments as fewer students enrol in this field.
What is likely to happen to the equilibrium wage and quantity of radiologists following these two events?

• A) The equilibrium wage and the equilibrium quantity of radiologists rise.
• B) The equilibrium wage and the equilibrium quantity of radiologists fall.
• C) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
• D) The equilibrium wage falls and the effect on equilibrium quantity of radiologists is indeterminate.

Know the legal and ethical considerations in digital marketing, especially related to user privacy and tracking.

Understand various techniques and scams utilized for identity theft online.

Recognize the importance and types of intellectual property protection measures.

Identify governmental institutions involved in consumer privacy and protection regulations.

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Definitions:

Heard

The act of perceiving sound by the ear; if you have heard something, you have perceived it through hearing.

Friend

A person with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Mentally Ill

Refers to individuals suffering from a wide range of mental health conditions that affect mood, thinking, and behavior.

Violent

Characterized by the use of physical force to harm others, oftentimes aggressively or unlawfully.