The nation of Rhodasia has the lowest entrepreneurship rate globally. A new government headed by Prime Minister Arnold Wenger aims to make the country's business environment more supportive toward burgeoning entrepreneurs. Which of the following measures should be taken to increase the entrepreneurship rate in Rhodasia?

Question

Quizplus · Accepted Answer

Complex regulations can discourage entrepreneurs from starting or expanding their businesses. Eliminating these regulations would make it easier for entrepreneurs to operate in Rhodasia and could encourage more people to start their own businesses.

The other options are not directly related to promoting entrepreneurship. A) Increasing unemployment insurance may provide a safety net for employees, but it does not directly encourage entrepreneurship. C) Mandating healthcare benefits may provide a benefit to employees but could increase costs for employers, which could be a deterrent for potential entrepreneurs. D) Employment protection laws could make it more difficult for businesses to make changes and operate in a flexible manner, thus reducing the willingness of would-be entrepreneurs to take risks and start their own businesses.

The Nation of Rhodasia Has the Lowest Entrepreneurship Rate Globally