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.

---

Definitions:

Carnivores

Organisms that primarily feed on flesh from other animals.

Herbivores

Organisms that primarily eat plants and vegetation.

Primary Producers

Organisms, typically plants, algae, and certain bacteria, that produce organic compounds from carbon dioxide and water using sunlight energy through photosynthesis, forming the base of the food chain.

Autotrophs

Organisms that can produce their own food from inorganic substances using light (photosynthesis) or chemical energy (chemosynthesis).