(Last Word) Regardless of the motives or public benefits of occupational licensing, the primary effect it...
(Last Word) Regardless of the motives or public benefits of occupational licensing, the primary effect it has on labor markets is to
A) limit or reduce the demand for labor in an industry.
B) increase the demand for labor in an industry.
C) limit or reduce the supply of labor in an industry.
D) increase the supply of labor in an industry.
Homework Answers
Answer: it reduces the supply of labour in an industry.
Occupational licensing is generally the license provided by the government to the professionals. It is a form of regulation inorder to get a particular profession.
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(Last Word) Regardless of the motives or public benefits of
occupational licensing, the primary effect it...
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If the government imposes a limit on sales of a good or service by licensing the...
If the government imposes a limit on sales of a good or service by licensing the right to sell a given quantity of the good, the difference between the demand and supply price is Select one: A the quota rent B. the equilibrium price. O C. the quota price D. deadweight loss Next page If the opportunity cost of manufacturing machinery is lower in Canada than in Britain and the opportunity cost of manufacturing sweaters is higher in Canada than...
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I need 24,25,26,27 &28(rest of 28 is on the second
attachment)
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If the government imposes a limit on sales of a good or service by licensing the right to sell a given quantity of the good, the difference between the demand and supply price is Select one: A the quota rent B. the equilibrium price. O C. the quota price D. deadweight loss Next page If the opportunity cost of manufacturing machinery is lower in Canada than in Britain and the opportunity cost of manufacturing sweaters is higher in Canada than...
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attachment)
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