Which One of the Following Statements Is True

question 3

Multiple Choice

Which one of the following statements is true?

• A)The example of China shows that economic development requires strong investor rights.
• B)There is agreement that large equity markets are a necessary and sufficient condition for economic development.
• C)There is some disagreement across academia as to whether large equity markets are a necessary and sufficient condition for economic development.
• D)Large equity markets and strong investor rights are incompatible.

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Definitions:

Anglo-American Merchants

Businesspeople from England or the United States engaged in international trade during the 17th to 19th centuries, often playing significant roles in colonial economies.

French West Indies

A region in the Caribbean Sea that consists of French overseas territories, known for their distinct Franco-Caribbean culture and history.

Illegal Trade

The exchange of goods or services that is forbidden by law, regulations, or treaty.

Representative Government

A system of governance where citizens elect officials to represent their interests in a legislative or decision-making body.