By Limiting the Number of People Who Can Enter an Occupation

question 13

Multiple Choice

By limiting the number of people who can enter an occupation demand is kept high, ensuring wages are kept high. What do we call this process?

• A) professionalization
• B) credential inflation
• C) social exclusion
• D) meritorious inclusion

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Definitions:

Millions

A numerical unit equal to 1,000,000 or 10^6, often used in accounting and financial reporting to denote large values.

Cash Flow

The net amount of cash being transferred into and out of a business, reflecting the company's liquidity and overall financial health.

Stockholders

Individuals or entities that own shares in a corporation, thereby holding ownership interest in the company.