Question: 3. Use the institutions map below to answer the following questions. Absolutist A D Economic Institutions Inclusive Extractive Political Institutions Pluralistic a) Which point

3. Use the institutions map below to answer the following questions. Absolutist

3. Use the institutions map below to answer the following questions. Absolutist A D Economic Institutions Inclusive Extractive Political Institutions Pluralistic a) Which point is in the "virtuous circle"? Which point is in the "vicious circle"? b) If a country's institutions are at point B, how should we expect its institutions to behave over time based on internal factors? What about external or natural factors? c) Describe the likely path of the institutions of a country that starts at C. What could make it end up in the virtuous circle versus the vicious circle?

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