Corruption:
A)undermines the rule of law and curtails economic growth.
B)raises the rate of growth as bribes enhance income.
C)is eliminated by foreign direct investment.
D)acts as a magnet for foreign direct investment.

Question

Quizplus · Accepted Answer

Corruption undermines the rule of law and creates an unstable and unpredictable business environment, which can discourage both domestic and foreign investment. It can also lead to favoritism and unequal treatment of businesses, hindering economic growth. Therefore, corruption is a hindrance to economic growth rather than a boost to it.