Requiring That Barbers Have Licenses, Restricts Entry and

question 63

Multiple Choice

Requiring that barbers have licenses, restricts entry and

• A)raises the average quality of haircuts.
• B)increases the costs of getting a haircut.
• C)may increase or decrease welfare.
• D)All of the above.

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Definitions:

Predicate

The part of a sentence or clause that expresses what is said about the subject.

Adorable

Inspiring great affection; very charming or endearing.

Equivalent

Equal in value, function, or meaning, often referring to expressions or quantities in mathematics or logic that are interchangeable.

Propositions

Statements expressing judgments or opinions that can be either true or false.