Because information is expensive to acquire: a. government regulations, such as standard accounting principles, have no impact on problems such as moral hazard b. monitoring managers gives rise to costly state verification c. developing nations do not rely heavily on banks for business financing d. equity contracts are used much more frequently to raise capital than are debt contracts

the arab empire adopted the muslim religion as their main belief. arabs would influence the people from the territories they invaded towards islam (the muslim belief).

nevertheless, throughout the history of the arab empire, rulers brought intellectual individuals from other religions to their centers of learning. these other foreigners included jews, christians, greeks, persians, and indians.   these resulted in the adoption of important knowledge developed by these cultures by the arabic empire. for example, the works of aristotle were translated from greek to arab and indian scientists brought the numerical concept of "zero" to the arabs.

nowadays, 93% of the arab population is muslim, which at the same time is subdivided in sects including the sunni, zaini, alawi, shia. the remaining 7% is composed mainly of christians.

i am a priest who cares deeply about the church. i have been called here to explain my views on indulgences and other proposed reforms. i would like to explain why my views are consistent with the bible and are correct.