Which statement best explains why clear land ownership records are important to economic growth?
a. Record-keeping requirements create job opportunities in government bureaucracies.
b. Money spent resolving property disputes is a major financial drain on the government budget.
c. It is difficult for people to sell or borrow against their land unless they can prove it is legally their property.
d. Becoming a real estate developer is a common way for people in developing countries to rise out of poverty.
Answer: c
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