Which of the Following Statements Correctly Highlights a Difference Between

question 57

Multiple Choice

Which of the following statements correctly highlights a difference between countries with extractive economic institutions and countries with inclusive economic institutions?

• A) Entry barriers for new businesses are likely to be higher in countries with extractive economic institutions than in countries with inclusive economic institutions.
• B) Entry barriers for new businesses are likely to be lower in countries with extractive economic institutions than in countries with inclusive economic institutions.
• C) Countries with extractive economic institutions typically have worse geographical conditions compared to countries with inclusive economic institutions.
• D) Countries with extractive economic institutions typically have better geographical conditions compared to countries with inclusive economic institutions.

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Definitions:

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A pricing strategy where products or services are offered at a price lower than the prevailing market rates to attract more customers or gain market share.

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The amount by which a product’s selling price exceeds its cost or its perceived value compared to similar products.