Unnecessary Occupational Licensing Requirements in an Industry Tend to

question 85

Multiple Choice

Unnecessary occupational licensing requirements in an industry tend to

• A) increase the supply of the product.
• B) raise the price of the product.
• C) reduce the income of the suppliers.
• D) increase the demand for the product.

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Definitions:

Securities

Financial instruments that represent ownership positions in corporations, creditor relationships with corporations or governmental bodies, or rights to ownership as represented by an option.

Capital Structure

Refers to the way a company finances its assets through a combination of debt, equity, and other securities.

Debt

An amount of money borrowed by one party from another, often used by businesses and governments to finance operations and projects.

Equity

The worth of a stake in property ownership, such as the equity held by shareholders in a company.