Several States Require Cosmetologists to Undertake 1,500 Hours or More

question 72

Multiple Choice

Several states require cosmetologists to undertake 1,500 hours or more of training in order to obtain a license to provide hair styling or braiding services. This is an example of

• A) antitrust legislation.
• B) government action that promotes competition.
• C) a barrier to entry
• D) the legal structure that is required for the operation of price-taker markets.

Understand how voluntary export restrictions work and their impact on trade.

Analyze the effects of free trade and tariffs on market prices, quantities, and producer outcomes.

Understand how international trade agreements and policies affect national economies and global trade dynamics.

Evaluate the economic implications of trade policies on domestic industries and employment.

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Definitions:

Carrying Value

The net amount of an asset or liability that is recorded on the financial statements, taking into account factors like depreciation or amortization.

Dividend Revenue

Income earned from owning shares of a company, paid out from the company's earnings.

Cash Dividend

A cash payment of earnings made by a company to its stockholders.