Which of the following policies would be associated with an extractive institution?

Question

Quizplus · Accepted Answer

Extractive institutions are those that limit access to economic opportunities and resources, often benefiting a small segment of society at the expense of the broader population. Imposing strict limits on the importing of automobiles can be seen as an extractive policy because it restricts trade and can protect domestic monopolies or oligopolies, limiting competition and possibly leading to higher prices and less choice for consumers.

Which of the Following Policies Would Be Associated with an Extractive