(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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