Credentialism opens jobs _______________?
Correct answer: B. to members of skilled professions
- A. to all people
- B. to members of skilled professions
- C. to members of academia
- D. but has no bearing on the job market
Explanation
Credentialism makes educational qualifications a screening requirement, allowing jobs to be restricted to people holding the credentials associated with skilled professions. It therefore affects access to the labour market rather than having no bearing on it.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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