Which of the following statements correctly highlights a difference between countries with extractive economic institutions and countries with inclusive economic institutions?
A) Entry barriers for new businesses are likely to be higher in countries with extractive economic institutions than in countries with inclusive economic institutions.
B) Entry barriers for new businesses are likely to be lower in countries with extractive economic institutions than in countries with inclusive economic institutions.
C) Countries with extractive economic institutions typically have worse geographical conditions compared to countries with inclusive economic institutions.
D) Countries with extractive economic institutions typically have better geographical conditions compared to countries with inclusive economic institutions.

Question

Quizplus · Accepted Answer

Extractive economic institutions often create high barriers to entry for new businesses, concentrating wealth and power in the hands of a few, whereas inclusive economic institutions promote entrepreneurship and innovation by lowering entry barriers, leading to a more equitable distribution of resources and opportunities.

Which of the Following Statements Correctly Highlights a Difference Between