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Author Question: Comment on how extractive institutions affect: a) the return-to-entrepreneurship schedule. b) the ... (Read 16 times)

Anajune7

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on: Jun 30, 2018
Comment on how extractive institutions affect:
  a) the return-to-entrepreneurship schedule.
  b) the opportunity cost of entrepreneurship schedule.
 
  What will be an ideal response?

Question 2

When you make a purchase at a retail store by giving your bank an instruction to transfer funds directly from your bank account to the store's bank account, you have most likely made the purchase using
 
  A) a loan. B) a debit card. C) credit. D) cash.


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Swizqar

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a) By creating insecure property rights and limiting legal back up, extractive institutions make entrepreneurship less profitable and shift the return-to-entrepreneurship schedule leftward.
b) By creating entry barriers, extractive institutions make entry more costly and shift the opportunity cost of entrepreneurship schedule upward.

Answer to Question 2

B


Anajune7

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Reply 2 on: Jun 30, 2018
Excellent

ktidd

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  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

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