Prior to 1914, Argentina experienced around fifty years of economic growth. During that time, Argentina was ruled by a small amount of elite that was invested in agricultural exports. Thus, the economy grew by exporting beef and grain during a worldwide economic boom surrounding these commodities. The broadening of the political landscape following WWI and subsequent repeated military coups changed the leaders, but made the economic landscape increasingly unstable.

This period of growth is a classic example of economic growth under what system?

a. Rule by Law
b. Extractive institutions
c. The vicious circle
d. Inclusive Institutions