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

question 91

Multiple Choice

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

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

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Definitions:

Hypotheses

Theoretical statements set forth for experimentation that predict a possible relationship between two or more variables, which may include both null and alternative hypotheses.

Interquartile Range

A measure of statistical dispersion, equal to the difference between the upper and lower quartiles, representing the middle 50% of the data.

Outliers

Data points that significantly differ from other observations in a data set, often indicating measurement error or a novel phenomena.

Range

The difference between the highest and lowest values in a dataset, providing a measure of the data's spread or variability.