In basic economics, when standards are raised, less people become fit for a certain job. In this case, the AMA is restricting the supply of doctors by making it tougher overall to get employed as a doctor. They have made college longer, more rigorous, and more expensive to get a medical degree which disincentivizes people to desire to be a doctor. However, with higher medical standards, only the best of the best doctors will get employment.
Chapter 5 Read, Respond, Reply
Chapter 5
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