Which of the following is a legal means by which the state can expropriate the profits from innovation?
A) demands for money to grant a license
B) expropriation
C) enforcing property rights
D) excessive taxation

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).

Which of the Following Is a Legal Means by Which