Which of the following accurately describes the impact of the rule of law on a country's economic growth rate?
A)Countries with a strong rule of law have faster economic growth.
B)Countries with a weak rule of law have faster economic growth.
C)Countries that enforce property rights through law suits have slower economic growth.
D)Countries where favouritism and bribery are common have stronger rates of growth.

Question

Quizplus · Accepted Answer

Countries with a strong rule of law have a more stable and predictable business environment, which leads to higher levels of investment and economic growth. The rule of law protects property rights, promotes contracts, and ensures that all citizens are equal before the law, which creates a more efficient economy with lower transaction costs.

Which of the Following Accurately Describes the Impact of the Rule