Which of the following would be most likely to encourage capital formation in a less-developed country?
A)the expectation of sustained high inflation
B)the expectation that property rights will be highly secure in the years ahead
C)the imposition of high tariffs and other restraints limiting imports
D)higher personal and corporate tax rates

Question

Quizplus · Accepted Answer

Secure property rights provide individuals and businesses with the confidence to invest and accumulate capital, as they ensure that their investments and returns will be protected.

Which of the Following Would Be Most Likely to Encourage