L 1. The healthcare system in Hong Kong is renowned for its quality and reliability. Nevertheless, just like other advanced economies, our healthcare system is facing many challenges, including an ageing population, increasing number of diseases triggered by lifestyle and rising public expectations towards healthcare services. To cope with these challenges, sufficient healthcare manpower is a must. While the number of locally trained places for healthcare professionals will be increased, the LegCo has finished the scrutiny of the relevant amendment bill to enable qualified non-locally trained doctors to practise in Hong Kong, thereby increasing our overall manpower supply of doctors. 134. . Healthcare Manpower, The Chief Executive's 2021 Policy Address Explain using the classical theories, with an aid of diagram, the impact of the relevant amendment bill to enable qualified non-locally trained doctors to practise in Hong Kong on the labor market and how it would impact real wages and employment. What is the impact on Hong Kong potential output level over the long run? [ ~ End of Paper ~