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:

Equivalent Payments

Alternative payments that will result in the same future value at a later date.

Obligation

A duty or commitment to fulfil an act, usually as part of a contract or by law, such as the repayment of a loan.

Equal Payments

A series of identical payments made over a set period, commonly used in loans and installment purchases.

Overdrawn

A situation where an account has a negative balance due to the account holder spending more money than what is available in the account.