Innovation typically increases when
A) high taxes are present.
B) the legal system is weak.
C) government controls the resource base.
D) market incentives and private property rights are encouraged.
D
Economics
You might also like to view...
The claim that all citizens should make an "equal sacrifice" to support government programs is usually associated with
a. the ability-to-pay principle. b. the benefits principle. c. efficiency arguments. d. regressive tax arguments.
Economics
Insurance companies:
A. only profit by selling to risk neutral clients. B. profit from the difference between the premiums paid and the expected value of clients' payouts. C. must charge less than the expected value of payout, otherwise they would go out of business. D. All of these statements are true.
Economics