The barrier to entry which requires electricians to be licensed is an example of
A) government rules.
B) economies of scale.
C) patents.
D) ownership of a scarce factor of production.

Question

Quizplus · Accepted Answer

Licensing requirements for electricians are a form of government regulation designed to ensure that individuals performing electrical work have the necessary skills and knowledge to do so safely. This is an example of government rules creating a barrier to entry in a profession.

The Barrier to Entry Which Requires Electricians to Be Licensed