Asked by Osano Enoch on May 26, 2024
Verified
Occupational licensing has much the same effect as:
A) inclusive unionism.
B) exclusive unionism.
C) bilateral monopoly.
D) monopsony.
Occupational Licensing
The laws of state or local governments that require that a worker satisfy certain specified requirements and obtain a license from a licensing board before engaging in a particular occupation.
Exclusive Unionism
The policy, pursued by many craft unions, in which a union first gets employers to agree to hire only union workers and then excludes many workers from joining the union so as to restrict the supply of labor and drive up wages. Compare with inclusive unionism. The policies typically employed by a craft union.
- Examine the role of occupational licensing and union strategies in influencing labor market outcomes.
Verified Answer
Learning Objectives
- Examine the role of occupational licensing and union strategies in influencing labor market outcomes.
Related questions
Which of the Following Tactics Is Most Associated with the ...
Player Drafts of Professional Athletes ...
If Clerical Workers in Your State Voted to Have a ...
The Key Belief That Distinguishes the Mainstream Economics School from ...
The Key Distinguishing Feature Separating an Employee Representation Committee from ...