Some States Have Taken Steps to License Occupations Such as Teeth-Whitening

question 39

Essay

Some states have taken steps to license occupations such as teeth-whitening technicians and massage therapists.These steps have been taken after the legislators have received pressure from licensed dentists and chiropractors.What would we expect to happen to the price of a teeth-whitening procedure or massage if licensing were to be expanded? Provide a graph to justify your answer.

---

Definitions:

Per Capita GDP

The gross domestic product of a country divided by its population, indicating the average economic output per person.

Population

The total number of people inhabiting a specific area or the members of a particular species within an ecological community.

GDP Deflator

A method for measuring the price levels of all new, domestically originated, final goods and services in an economic framework.

Real GDP

Represents the value of all final goods and services produced within a country's borders in a specific time period, adjusted for inflation.