Restricting Entry into a Particular Craft Is Likely to Cause

question 142

Multiple Choice

Restricting entry into a particular craft is likely to cause the wage in that craft to ________ and the quantity of labor employed in that craft to _______ .

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

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Definitions:

Net Proceeds

The amount of money received from a transaction after deducting all associated costs and expenses.

Spread

The difference between two prices, rates, or yields, often referring to the bid-ask spread in securities.

Direct Costs

Expenses that can be directly tied to the production of specific goods or services, such as labor and materials.

Floatation Costs

The various costs associated with taking a company public, including legal, accounting, and marketing expenses, among others.