The Justification for Occupational Licensing Laws Is That They Protect

question 99

Multiple Choice

The justification for occupational licensing laws is that they protect the public from incompetent practitioners (for example, lawyers and medical doctors) , but the laws also result in

• A)higher prices and restrictions on the number of people who can enter the professions affected by the laws.
• B)economies of scale.
• C)ownership of a key input.
• D)an increase in the amount of output required to achieve minimum efficient scale.

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Definitions:

Complement

A group of proteins in blood and other body fluids that are activated by an antigen–antibody complex and then destroy pathogens.

X-ray Diffraction

A technique for determining the spatial arrangement of the components of a crystal.

Amino Acids

Organic compounds that serve as the building blocks of proteins, essential for various bodily functions and processes.

Nucleotides

The basic structural unit and building block for DNA and RNA, consisting of a nitrogenous base, a sugar (ribose or deoxyribose), and one or more phosphate groups.