Which of the following statements is true of extractive economic institutions?
A) They protect private property rights of economic agents.
B) They do not uphold contracts and interfere with the workings of the market.
C) They allow free entry into new lines of business.
D) They encourage trade among nations.

Question

Quizplus · Accepted Answer

Extractive economic institutions typically do not uphold contracts and interfere with the workings of the market by favoring certain groups or individuals over others. They often do not protect private property rights and limit free entry into new lines of business, hindering trade among nations.

Which of the Following Statements Is True of Extractive Economic