Recall the Application About the Lack of Property Rights in Peru

question 77

Multiple Choice

Recall the Application about the lack of property rights in Peru, and why clear property rights are important for economic growth in developing countries, to answer the following question(s) . Clear property rights give owners an incentive to make long-term investments in their property, and are vital for the property owners to be able to borrow funds.
-According to this Application, clear property rights

• A) are important for economic growth in developed nations, but not in developing nations.
• B) hinder economic growth in developing nations.
• C) have no impact on the economic growth of developed nations.
• D) are important for economic growth in developing and developed nations.