Asked by
Living Life With Danie
on Dec 12, 2024
Verified
If there is a shortage of nurses, it is expected that
A) wages for nurses will go up as hospitals try to fill these positions.
B) wages for nurses will go down because of the increased competition between hospitals.
C) the return on the human capital investment of current nursing majors will decline.
D) wages for nurses currently practicing will increase, but new nurses will experience lower wages in the future.
Shortage Of Nurses
A situation in the healthcare sector where the demand for nursing staff significantly exceeds the supply, leading to strains on healthcare services.
Wages For Nurses
The monetary compensation paid to nursing professionals for their services, which can vary based on factors like experience, location, and specialization.
- Become familiar with the basic rules governing supply and demand in the labor marketplace.
- Deduce the potential consequences of external market dynamics on the supply and demand aspect of resources.
Verified Answer
MD
Learning Objectives
- Become familiar with the basic rules governing supply and demand in the labor marketplace.
- Deduce the potential consequences of external market dynamics on the supply and demand aspect of resources.