The recent growth records of Japan and Hong Kong during the last fifty years indicate that a nation can grow rapidly without
A) securely defined property rights.
B) adopting modern technology.
C) significant capital formation.
D) abundant domestic natural resources.

Question

Quizplus · Accepted Answer

Japan and Hong Kong have shown rapid economic growth despite having limited domestic natural resources, relying instead on technology, capital formation, and secure property rights.

The Recent Growth Records of Japan and Hong Kong During