4) If an economy with extractive institutions allows for political creative

destruction, then ________.

A) new leaders are likely to replace old leaders

B) poverty in the economy is likely to increase

C) the growth rate of the economy is likely to decrease

D) innovation in the economy is likely to decrease

65) Many communist dictators ban the adoption of new technologies to

________.

A) reduce inequality in income

B) enhance economic growth

C) encourage creative destruction

D) discourage creative destruction

66) Initially, the creation of railroads was opposed in some countries

because railroads were likely to ________.

A) increase poverty

B) increase the cost of trade

C) initiate creative destruction

D) provide more power to monarchs and rulers

67) What is the likely reason that the Industrial Revolution started in

Britain and not somewhere else?