What, according to the author, has resulted in a widespread belief in the resilience of modern capitalism?
Explanation:
Option 1 can be eliminated because the points mentioned are in the paragraph previous to “There are…….the millennium.” Option 2 can be eliminated because of the presence of the word ‘China’. Option 4 talks of ‘reforms’, which are not mentioned in the passage in the context of the topic. The main sentence in the passage that answers the question is: “There are those who point out, rightly, that modern industrial capitalism has proved mightily resilient these past 250 years, and that a sign of the enduring strength of the system has been the way it apparently shrugged off everything - a stock market crash, 9/11, rising oil prices - that have been thrown at it in the half decade since the millennium.” Option 3 is the only one that includes all three: a stock market crash, 9/11, rising oil prices. Selection rather than elimination is the fastest way to answer this question. Hence, the correct answer is option 3.
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