State laws differ widely on the scope of practice allowed for nurse practitioners, i.e., advance practice nurses. Suppose your state has had very restrictive rules limiting their scope of practice but has just passed legislation making your states practice act equal to the most permissive in the nation. Discuss the economics of this action. A. What happens to the price and quantity of nurse practitioner services? B. What happens to the price and quantity of primary care physician services? C. Are there differential effects in the short run and the long run? D. Does this lead to a large or small net increase (or decrease) in primary care services? Why? What factors influence whether the net effect is large or small? E. Are there likely to be differential effects in rural and urban areas? Why? F. Finally, what effect does the less restrictive practice act have on the price and quantity of specialist physician services? Why?
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