Jorge Martinez is a well-educated entrepreneur who operated a small business in his home country of Florentin A.At the encouragement of his American relatives,Jorge recently immigrated to the United States and applied for U.S.citizenship."In Florentina,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 me.I really feel that these high taxes have stifled economic growth." Jorge's comments illustrate the reason many socialist countries are experiencing an) :
A) Antitrust problem.
B) Depression.
C) Brain drain.
D) Budget surplus.
Correct Answer:
Verified
Q220: In most large cities there are a
Q220: Which of the following statements most accurately
Q222: Communism is an economic system in which:
A)The
Q223: A major benefit of socialism is the:
A)Ability
Q224: Reality Entertainment,Inc is a major producer of
Q226: Which of the following people would tend
Q227: Which of the following statements provides the
Q228: Brain drain has occurred in many socialistic
Q229: The economic and political system in which
Q238: There are some restrictions on freedom of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents