If Institutions in an Economy Change from Being Extractive to Inclusive,the

question 31

Multiple Choice

If institutions in an economy change from being extractive to inclusive,the return-to-entrepreneurship schedule in the economy will ________.

• A) become vertical
• B) become horizontal
• C) shift leftward
• D) shift rightward

---

Definitions:

Support Activities

Functions or operations within a business that, while not directly contributing to the product or service, facilitate effective performance of primary activities.

Value Chain Management

The process of optimizing the steps from raw material acquisition to production, distribution, and after-sales services to add value and increase efficiency within a company's operations.

Specific Sequence

A particular order or arrangement in which events, actions, or processes occur or are arranged.

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer.