(Last Word) Despite the Fact That Occupational Licensing in Many

question 183

Multiple Choice

(Last Word) Despite the fact that occupational licensing in many industries is unnecessary for the protection of consumers, these licensing requirements are implemented or increased because of

• A) the principal-agent problem.
• B) inclusive unions.
• C) the special-interest effect.
• D) efficiency wages.

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Definitions:

Reacting With Hostility

Responding to situations or persons with anger, aggression, or opposition.

Type D Personality

A personality disposition characterized by high negative affectivity (e.g., worry, irritation) and social inhibition (reticence and a lack of confidence in social interactions).

Trouble Sleeping

Difficulties in falling or staying asleep, which can lead to decreased quality of life and health issues.

Type T Personality

A term used to describe individuals who crave excitement, are risk-takers, and often seek out thrilling experiences.