What Is the Likely Result of Too Much Taxation, an Overuse

question 59

Multiple Choice

What is the likely result of too much taxation, an overuse of regulation, and limited choices in the broader business environment?

• A) an increase in global trade
• B) an increase in entrepreneurship
• C) a decrease in entrepreneurial activities
• D) a social crisis

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Definitions:

Negotiations Impasse

A situation in which parties involved in negotiations cannot reach an agreement and progress is halted.

Decertification

The process of revoking or withdrawing the certification of an individual, organization, or product, often in a legal or professional context.

Public Sector

The portion of an economy that comprises government services and enterprises, including administration, defense, public education, and healthcare.

Private Sector

The part of the economy that is owned and managed by private individuals and companies, rather than by the state, and operates for profit.