There has been a great deal of movement of physicians across borders within the European Union, and

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There has been a great deal of movement of physicians across borders within the European Union, and this migration has raised concerns about patient safety and quality of care. Some member states have responded by tightening certification requirements for foreign-trained physicians. What effect would such a policy have on the equilibrium quantity and price of doctors' services in the country that introduces it? How would doctors trained in that country and the country's consumers be affected? In answering this question, assume that the supply curves for both domestically trained and foreign trained physicians initially intersect the wage axis at the same point.

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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