In terms of economics, why do medical doctors command such high pay?
A) Health is very important.
B) Medical doctors have high student loan payments.
C) The government sets their wages at a high level so that demand does not exceed supply.,
D) The human capital required to become a medical doctor involves a great degree of knowledge, training, and skill.
Answers
Option D is correct.
Some portion of the reason is political issues and cash.
The administration had not consented to support increasingly therapeutic understudies and more residency programs (this arrangement was expelled from the ACA before it was passed).
Be that as it may, the bigger picture is because rehearsing drug is more judgment-based than learning based. Instructing somebody to do certain counts should be possible as once huge mob because the educating can be algorithmized or institutionalized.
Then again, instructing somebody to make significant decisions in high-weight, time-basic circumstances require one-on-one apprenticeship and training.
That requires substantial investment and cash, and it takes.
Answer:
D
Explanation:
It is always a big question why medical doctors need to be paid more than other workers.
The main reason is that for one to become a medical doctor they need to invest their time and money.
The course itself requires expensive facilities for one to achieve the required skills.
This means one has to invest a lot of money to study medicine.
Again medicine requires high skill and therefore one needs to invest a lot of time perfecting the skills.
For this reason the medical doctors need to be paid handsomely.
The correct answer is D.