Author Question: Microeconomic theory is based on supply and demand. Which of the following statements illustrates ... (Read 95 times)

Engineer · **on:** Jul 8, 2018

Microeconomic theory is based on supply and demand. Which of the following statements illustrates this?

1. The demand for nurses in public health is low, but the supply is high.
2. When few goods or services are available, the price tends to rise.
3. When supplies are low, nurses must find alternate resources.
4. In lesser-developed countries, the supplies are often delivered by technologically advanced countries.

Question 2

Which of the following occupational groups is associated with increased risk of exposure to biological agents?

1. Dye workers
2. Dry cleaners
3. Cleaning people
4. Drug manufacturers

tjayeee · **Reply #1 on:** Jul 8, 2018

Answer to Question 1

2
Supply and demand is in force when few goods or services are available, and then the price tends to rise.

Answer to Question 2

3
Cleaning people are more apt to be exposed to contaminated bed linen, soiled equipment, and contaminated trash.