Answer:
If the government becomes more heavily involved in subsidizing some businesses and sectors of the economy while levying higher taxes on others, the quantity of rent seeking will increase and long term growth will be impeded.
Explanation:
The term rent in rent seeking is based on an economic rent which was defined by economist Adam Smith to mean payments made in excess of resource costs.
An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
If the government becomes more heavily involved in subsidizing some businesses and sectors of the economy while levying higher taxes on others, the businesses that will benefit will enjoy monopoly and the other businesses will run at a loss and could become bankrupt.
The long term effect of having a business environment that is not competitive is poor growth.
Answer: crowdfunding
Explanation:
Crowdfunding is when a project is being funded by collecting little amounts of money from the people, usually through Internet.
Kickstarter is known as a crowdfunding website because it allows the general public to provide financial support to organizations and individuals that are working on a new product.
Answer:
4. avoid faulty cause/effect claims.
Explanation:
Answer:
Forming.
Explanation:
The forming stage includes a time of direction and acclimating. Uncertainty is high during this stage, and individuals are searching for leadership and authority. A member who declares authority or is educated might be hoped to take control.
