Author Question: If the institutions in an economy change from being inclusive to extractive, then in the economy: ... (Read 71 times)

folubunmi · **on:** Jun 30, 2018

If the institutions in an economy change from being inclusive to extractive, then in the economy:

A) the returns to entrepreneurship will increase.
B) the opportunity cost of entrepreneurship will decrease.
C) the number of entrepreneurs will decrease.
D) existing entrepreneurs will earn higher profits.

Question 2

Refer to the scenario above. Real GDP of the country has grown by ________.

A) 0.2 B) 10 C) 5 D) 20