If There Is an Increase in the Number of Registered

question 10

Multiple Choice

If there is an increase in the number of registered nurses and the demand for medical services remains unchanged, what should be expected to happen to the real hourly wage for registered nurses?

• A) The real hourly wage should increase.
• B) The real hourly wage should only increase if the demand for medical services is inelastic.
• C) The real hourly wage should only decrease if the demand for medical services is elastic.
• D) The real hourly wage should decrease.
• E) The real hourly wage should only increase if the demand for medical services is elastic.

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Definitions:

Foresight

The ability to anticipate future events, trends, or outcomes and plan accordingly.

Future Trends

Predicted developments or directions in a particular area of interest over the coming years, often based on current data, patterns, and projections.

Coercive Leadership

A leadership style characterized by the use of force, threats, or punishment to influence subordinates, often resulting in a climate of fear and compliance.

Servant Leaders

Leaders who prioritize the needs of their team members and help them develop and perform to their highest potential.