One study estimates that if india used the human and physical capital that it does have as efficiently as the united states uses its capital, it would be four times richer than it is today. this demonstrates the importance of:
a. honest government as an institution.
b. political stability as an important institution.
c. a dependable legal system as an institution.
d. competitive and open markets as an institution.

d. competitive and open markets as an institution.

Explanation:

One study estimates that if India used the human and physical capital that it does have as efficiently as the United States uses its capital, it would be four times richer than it is today. This demonstrates the importance of competitive and open markets as an institution.

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