Occupational licensing is an example of an entry barrier that improves a country's standard of living.

Name: Occupational licensing is an example of an entry barrier that improves a country's standard of living.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Occupational licensing can act as an entry barrier by restricting the number of people who can enter a profession, potentially limiting competition and increasing costs for consumers, which may not necessarily improve a country's standard of living.

Occupational Licensing Is an Example of an Entry Barrier That