Jorge Martinez is a hard working entrepreneur who operated a successful business in his home country of Margintina for many years.Recently,however,he immigrated to Canada and applied for Canadian citizenship."In Margintina,tax rates were very high," Jorge complained."The government used the taxes I paid to finance all sorts of social programs to help the less fortunate.While this is a noble goal,it has really undermined the profit incentive of individuals such as myself.I really feel that these high taxes have stifled economic growth." Jorge's comments illustrate the reason many socialist countries are experiencing a(n):
A)depression.
B)brain drain.
C)antitrust problem.
D)budget surplus.

Question

Quizplus · Accepted Answer

The term "brain drain" refers to the emigration of highly skilled or educated individuals from a country. Jorge Martinez's comments about high taxes and a lack of profit incentive indicate that he is a successful entrepreneur who may fall into the category of highly skilled or educated individuals. His decision to immigrate to Canada may represent a larger trend of skilled individuals leaving countries with high taxes and socialist policies in search of more lucrative opportunities elsewhere.

Jorge Martinez Is a Hard Working Entrepreneur Who Operated a Successful