Final answer:
The document defines nursing practice by various contextual factors and is indeed an accurate depiction of nursing scopes. The labor market for nursing faces challenges that affect its dynamics, influenced by supply, demand, and regulatory changes.
Step-by-step explanation:
The statement that the document Nursing: Scope and Standards of Practice, 2nd Edition, defines nursing practice by the "who," "what," "where," "when," "why," and "how" of nursing practice, including advanced practice nursing, is true. The scope of nursing is indeed a comprehensive outline that includes all these facets, detailing the roles, actions, and various contexts within which nurses operate. Furthermore, the labor market for nursing and other healthcare professionals is dynamic and heavily influenced by factors such as legislation, technology, and demographic changes, which can change the demand and supply in this field significantly.
The passage indicates that the market for healthcare professionals will be impacted by several challenges, such as the expansion of healthcare access in America. This increase in demand, along with other aspects, affects the labor market dynamics. An understanding of economics, specifically supply and demand, becomes vital in analyzing and anticipating changes in the nursing labor market.