A Professional Group Has a Monopoly Over a Prestigious Occupation

question 20

Multiple Choice

A professional group has a monopoly over a prestigious occupation. The group retains control over this occupation because, in order to enter the occupation or perform any of its job duties, a person has to have a certain degree and pass a licensing exam. This is an example of

• A) credentialing.
• B) cultural capital.
• C) social capital.
• D) social reproduction.

---

Definitions:

Face Value

The nominal value or dollar value printed on a bond, stock, or other financial instrument, indicating its worth at maturity.

Bonds Issued

Long-term debt securities sold by a corporation or government to investors to raise capital, with the obligation to pay interest and repay principal at a specified date.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock, representing its official worth.

Interest

The cost of borrowing money, expressed as a percentage of the total amount loaned, or the income earned on invested capital.