Question Which of the following could explain the relatively high wages earned by certain medical professionals, like nurse practitioners and physicians?(1 point) The age of our population leads to a relatively low quantity of labor demanded at any given wage. The age of our population leads to a relatively low quantity of labor demanded at any given wage. The age of our population leads to a relatively high quantity of labor supplied at any given wage. The age of our population leads to a rela

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Question:

Question
Which of the following could explain the relatively high wages earned by certain medical professionals, like nurse practitioners and physicians?(1 point)
The age of our population leads to a relatively low quantity of labor demanded at any given wage.
The age of our population leads to a relatively low quantity of labor demanded at any given wage.
The age of our population leads to a relatively high quantity of labor supplied at any given wage.
The age of our population leads to a relatively high quantity of labor supplied at any given wage.
The training and certification required for these professions lead to a relatively low quantity of labor supplied at any give wage.
The training and certification required for these professions lead to a relatively low quantity of labor supplied at any give wage.
The training and certifications required for these professions lead to a relatively high quantity of labor supplied at any given wage.

Answers

The relatively high wages earned by certain medical professionals, like nurse practitioners and physicians, are due to C. training and certification required for these professions lead to a relatively low quantity of labor supplied at any given wage.It should be noted that some of the things that influence the amount of wages or salaries that are paid to a person include their education, certifications, and the skills that they possess.Medical practitioners are usually paid higher wages due to the fact that they spend more years before they get their certifications and degrees. Also, their job is a delicate one and requires a lot of experience.Therefore, due to this reason, there is usually a fewer number of people who do such courses which then leads to a relatively low quantity of labor supplied.In conclusion, the low level of labor supplied leads to a higher wage offered.Read related link on:https://brainly.com/question/21851681

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