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Certain Professions Limit the Number of Students Who Are Eligible

Question 5

Multiple Choice

Certain professions limit the number of students who are eligible to enroll in their programs in university - engineering,architecture,dentistry,and law,for example.Other things being equal,what is one predicted effect of such restrictions?


A) increased wages across all segments of the labour market
B) decreased wages across all segments of the labour market
C) decreased wages in the labour market outside of these professions
D) increased wages in the labour market outside of these professions
E) there will be no effect on any wages

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