The state can expropriate the profits from innovation through legal means, such as _____.
A) bureaucratic kickbacks
B) excessive taxation
C) black market transactions
D) privatization

Question

Quizplus · Accepted Answer

The state can expropriate the profits from innovation through legal means, such as excessive taxation, or through illegal means, such as demands from state bureaucrats for kickbacks in return for granting an individual or firm a license to do business in a certain area (i.e., corruption).

The State Can Expropriate the Profits from Innovation Through Legal