--%>

Credentialism and Occupational Licensing

Occupational licensing often requires qualifications with small relevance for performance in a specific position before an individual can legally be hired. Artificial and inefficient barriers to the practice of specific occupations, such as dog groomer, are termed as: (1) credentialism. (2) the hidden handshake. (3) apprentice indenturing. (4) principal-agent monitoring.. (5) involuntary servitude.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Managerial Economics

  • Q : Explain the accounting cost concept in

    Explain the accounting cost concept in brief.

  • Q : Wage Rates and Marginal Resource Costs

    When all markets wherein a firm operates are purely competitive, in equilibrium the marginal resource cost of labor is the same to the: (w) firm’s marginal revenue. (x) marginal cost of output. (y) wage rate the firm must pay to hire more worker

  • Q : Signaling and Screening Problem Assume

    Assume that you view a degree as a ticket to a high-paying job along with prospects of quick promotion, and that accumulating human capital by learning and studying valuable material is largely not relevant. Your perception is which a college degree f

  • Q : Requirements for Food production I have

    I have a problem in economics on Diminishing Returns. Please help me in the following question. In a completely employed food-and-clothing economy, equivalent successive raises in food production will ultimately need successively: (i) Larger increases

  • Q : Explain opinion of Stonier and Hague

    Illustrates the opinion of Stonier and Hague for explaining Demand in economics?

  • Q : Price and output decisions in

    Illustrates the price and output decisions in Monopolistic Competition?

  • Q : Concept of derived demand The concept

    The concept of derived demand means that: (w) consumer demands for goods depend on the utilities received from their use. (x) firms’ demands for resources depend upon consumer demands for the goods produced. (y) governmental demands for social g

  • Q : Explain about the term survey techniques

    Explain about the term survey techniques.

  • Q : Decline in equilibrium marginal revenue

    Declines within the equilibrium marginal revenue product of a firm’s workers are probably to follow the adjustments to: (1) increases in specific training. (2) decreases in the wage rate. (3) increases in the demand for output. (4) hikes in the

  • Q : Different types of determinants of

    What are the different types of determinants of advertisement elasticity?