The Danger Associated with Being First in a New Environment

question 43

Multiple Choice

The danger associated with being first in a new environment is known as_________ .

• A)population ecology theory
• B)decentralization
• C)organizational inertia
• D)the liability of newness

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Definitions:

Supply-Side Economics

An economic theory that advocates reducing taxes and deregulating businesses to stimulate economic growth by increasing supply.

Laffer Curve

The Laffer Curve illustrates the relationship between tax rates and the amount of tax revenue collected by governments, showing there is an optimal tax rate that maximizes revenue.

Tax Revenue

The income that is gained by governments through taxation, funding public services, and government operations.

Monetarists

Economists convinced that fluctuations in the money supply significantly impact short-term national output and affect price levels over extended periods.