The National People's Congress authorizes the Hong Kong Special Administrative Region to exercise a high degree of autonomy and enjoy _________, according to the Basic Law.

The correct option highlights that the National People's Congress grants the Hong Kong Special Administrative Region (HKSAR) a high degree of autonomy that encompasses executive, legislative, and independent judicial power.

This allocation of power is critical because it establishes the framework within which the HKSAR operates separately from mainland China. Executive power refers to the ability of the Hong Kong government to implement and enforce laws and policies. Legislative power allows for the creation and modification of laws within the region, ensuring that local interests and needs are addressed. Independent judicial power guarantees that Hong Kong's judiciary can operate free from interference, upholding the rule of law and providing a system of checks and balances that is essential for a fair governance system.

While economic control is a component of autonomy, it is not comprehensive enough on its own, as it does not include the critical domains of executive and legislative functions. Political sovereignty is not applicable, as Hong Kong does not possess full sovereignty as a separate nation-state but operates under the principle of "one country, two systems." Additionally, military authority is vested in the central government and does not fall under the autonomy granted to the HKSAR. Therefore, the designation of executive, legislative, and independent judicial power captures the essence of Hong Kong's autonomy