Occupational licensing is a means of decreasing the supply of specific kinds of labor.

Question

Quizplus · Accepted Answer

Occupational licensing requires individuals to meet certain qualifications and standards before they can legally work in a particular field, effectively limiting the supply of labor in that field. This can lead to higher wages for licensed workers, but may also limit job opportunities for those who cannot meet the licensing requirements.

Occupational Licensing Is a Means of Decreasing the Supply of Specific