Multiple Choice
Which of the following statements is true?
A) Output is likely to be lower in a market economy than in a command economy.
B) Output is likely to be the same in a command economy and in a market economy.
C) Output is likely to be lower in an economy with extractive institutions than in an economy with inclusive institutions.
D) Output is likely to be the same in an economy with extractive institutions and in an economy with inclusive institutions.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Which of the following statements is true
Q14: The presence of navigable rivers and fertile
Q15: The cultural hypothesis of economic growth claims
Q16: Which of the following statements is true
Q17: Private property rights mean that _.<br>A) individuals
Q19: Comment on how extractive institutions affect<br>a)The return-to-entrepreneurship
Q20: Which of the following is a characteristic
Q21: Which of the following statements is true
Q22: Differences in the stock of physical capital
Q23: Which of the following statements is true