What is a major reason why Asian countries generally have more equitable income distribution than Latin American nations do?
A) Socialist redistributive policies in Asia
B) The U.S. economy is less dominant in Asia than in Latin America
C) Asian governments tax the rich at a higher rate than Latin American governments do
D) Spanish colonial policy in Latin America favored big landholdings far more than Asian rural policies did
E) Asia has a more extensive safety net for the poor than Latin America does
Correct Answer:
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