(Last Word) Which of the Following Statements Is True About

Multiple Choice

(Last Word) Which of the following statements is true about occupational licensing in the United States?

A) In the 1950s only about 5 percent of jobs required an occupational license; today about one-third of jobs require a license.
B) The proportion of jobs requiring occupational licenses has remained relatively stable since the 1950s.
C) Occupational licensing benefits consumers by reducing firms' costs and lowering output prices.
D) Occupational licensing enhances employment opportunities for poorer workers.