What controls the supply of physicians in the United States

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1. What controls the supply of physicians in the United States? Distinguish between short and long-term and between proximate and fundamental factors.

2. How does the law of diminishing marginal utility fit into an analysis of the demand for health care? Give some examples of decisions concerning health care where you personally are indifferent between getting medical care or doing without medical care.

3. What is the projected spending of health care as a percentage of GDP by 2040? How would this impact our economy?

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