Occupational licensing

Question

Quizplus · Accepted Answer

Occupational licensing typically requires certain qualifications or certifications in order to work in a particular occupation, which effectively raises the barrier to entry and limits the number of people who can enter the field. This lowers the supply of labor and can lead to higher wages for those already working in the occupation, but it can also result in fewer job opportunities overall.

Answer: B 
 Occupational licensing can also lead to lower wages for workers in a particular occupation because it limits competition and bargaining power. With fewer workers able to enter the field, employers have less incentive to offer higher wages or benefits to attract workers.

Answer: C 
 This statement is not true. While occupational licensing may be intended to ensure that workers meet certain standards or qualifications, there is no guarantee that it will always result in the best possible service for consumers. In fact, it can sometimes lead to higher costs and reduced access to services for some consumers.

Answer: D 
 This statement is not true. Occupational licensing does not necessarily raise the employment level of workers in a particular occupation, and it can sometimes have the opposite effect by limiting the number of available jobs or opportunities for workers.

Occupational Licensing