Certain Professions Limit the Number of Students Who Are Eligible

question 5

Multiple Choice

Certain professions limit the number of students who are eligible to enroll in their programs in university - engineering,architecture,dentistry,and law,for example.Other things being equal,what is one predicted effect of such restrictions?

• A)increased wages across all segments of the labour market
• B)decreased wages across all segments of the labour market
• C)decreased wages in the labour market outside of these professions
• D)increased wages in the labour market outside of these professions
• E)there will be no effect on any wages

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Definitions:

Individualism

A principle favoring freedom of action for individuals over collective or state control.

Experience Of Flow

A highly focused mental state conducive to productivity, characterized by full immersion and enjoyment in the task at hand.

Feel-Good,Do-Good Phenomenon

The observation that when people feel happy, they are more likely to engage in pro-social behaviors.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body undergoes while under stress, according to Hans Selye.