Extractive economic institutions are:

A) likely to prevent entrepreneurs with new ideas from entering into the right line of business.
B) likely to encourage entrepreneurs with new ideas from entering into the right line of business.
C) found only in market economies.
D) found only in command economies.

A

Economics

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Fixed exchange rates allow countries to formulate their economic policies independent of other nations

a. True b. False Indicate whether the statement is true or false

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Refer to the information provided in Figure 13.2 below to answer the question(s) that follow.  Figure 13.2 Refer to Figure 13.2. The firm's ________ will be maximized at a price of $5.

A. profit B. total revenue C. marginal cost D. marginal revenue

Economics