In 1950,residents in Liberia Were Wealthier Than Those in Taiwan

In 1950,residents in Liberia were wealthier than those in Taiwan.Today,per capita gross domestic product (GDP) in Taiwan is more than twenty times that of Liberia.How would private property rights help explain why Taiwan is now so much wealthier than Liberia?

A) The government prevents people from exploiting others for their property in Liberia.
B) The Taiwanese government divides all property equally among the citizens.
C) With a well-developed system of property rights,like in Taiwan,people have very strong incentives to improve the value of their assets.
D) In Liberia,all property is owned by the state.
E) Taxes in Liberia are so high that people have no incentive to improve the value of their property.