Online Discussion Assignment 5 EC248OC: Economics of Health Purpose of Online Di
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Question
Online Discussion Assignment 5
EC248OC: Economics of Health Purpose of Online Discussions Recall, each online discussion will give you a question in the “True/False/Uncertain” format. Your answer to the question, and your subsequent discussion of other students’ answers, should clearly incorporate course material. The online discussions provide an opportunity to practice the types of short-answer questions you can expect to see on the midterm test and the final exam. Question [True/False/Uncertain. Explain.]
Increased physician fees may worsen the physician-service shortage by causing physicians to work fewer hours.
Explanation / Answer
This is True statement:
According to survey, Physician-services are highly paid jobs in USA. Hence, if fees are increased, it is likely to reduce the services by physicians. Now these physicians are likely to spend time in recreational activities.
Now Leisure is substituted for service or work.
Increase in fee would not help to increase the supply of doctors in short run. It will take substantial time to increase supply of physicians. Further, this statement may be false if foreigner physicians are allowed to work in USA.
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