Chrystelle had been planning to open her own business but is frustrated by the very high taxes in her home country. She decides to move to a different country with a lower tax rate to pursue her dreams instead. Which drawback of socialism does this best represent?
A) consumer sovereignty
B) social inequality
C) brain drain
D) government deficits
E) poor central planning

Question

Quizplus · Accepted Answer

This scenario best represents "brain drain," which occurs when highly skilled or educated individuals leave their home country for places with better opportunities, often due to high taxes or lack of opportunities in their home country, as seen in Chrystelle's decision to move for lower taxes.

Chrystelle Had Been Planning to Open Her Own Business but Is