If Government Were to Issue a Fixed Number of Licenses

question 45

Multiple Choice

If government were to issue a fixed number of licenses to produce a good or provide a service, this would likely:

• A) lower the price of the good or service to consumers.
• B) lower the wage received by those who have licenses.
• C) increase the wage received by those who have licenses.
• D) increase the demand for goods.

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Definitions:

Vroom-Jago Leadership Model

A contingency model that helps leaders determine the appropriate level of employee participation when making decisions.

Junior Executives

Lower-level managerial employees who are responsible for assisting in the planning, direction, and coordination activities within organizations.

Ethics Competency

The capability to identify, assess, and act upon ethical dilemmas and issues according to moral principles in professional settings.

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Strategies and measures adopted by a financial institution to continue its operations and remain solvent during challenging times.