Why Are Secure Property Rights Important for Economic Development

Multiple Choice

Why are secure property rights important for economic development?

A) Governments need to be able to make use of public lands for infrastructure projects.
B) Countries that are insecure and subject to invasions from neighboring countries are less likely to have the necessary economic and political environment for development.
C) When property owners think their assets are secure,they are more likely to invest in improvements to their land.
D) Countries cannot develop economically without a clearly written democratic constitution.