(Last Word) Which of the Following Statements Is True About

question 244

Multiple Choice

(Last Word) Which of the following statements is true about occupational licensing in the United States?

• A) In the 1950s only about 5 percent of jobs required an occupational license; today about one-third of jobs require a license.
• B) The proportion of jobs requiring occupational licenses has remained relatively stable since the 1950s.
• C) Occupational licensing benefits consumers by reducing firms' costs and lowering output prices.
• D) Occupational licensing enhances employment opportunities for poorer workers.

Recognize the effect of compounding frequency on present and future values.

Compare and contrast annuity due and ordinary annuity.

Apply formulas to calculate the present and future values of business investments.

Determine the impact of interest rate changes on the present value of future cash flows.

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Definitions:

Stable

A condition or state that is not easily changed or likely to change, indicating reliability, constancy, or lack of volatility.

Middle Childhood

A developmental stage covering children approximately from ages 6 to 12, characterized by significant growth in social and cognitive skills.

Adolescence

A developmental stage that marks the transition from childhood to adulthood, characterized by significant physical, psychological, and social changes.

Cyberbullying

Bullying, or repeated acts intended to hurt a victim, carried via electronic means such as text messaging, posting in chat rooms and discussion boards, and creating websites and blogs.