Which of the Following Was an Effect of the Rapid

question 33

Multiple Choice

Which of the following was an effect of the rapid development of many Asian countries in the 1970s on the study of democracy?

• A) It demonstrated that elites were the driving force behind early democratization.
• B) It helped to discredit modernization theory.
• C) It proved that a middle class was essential for democratization.
• D) It demonstrated that overall poverty is not an impediment to democratization.

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Definitions:

Price Discrimination

A pricing strategy where identical or very similar goods or services are sold at different prices by the same provider in different markets or to different buyers.

Willingness to Pay

The highest price a consumer is prepared to pay for a good or a service.

Rule of Reason

A legal doctrine used in antitrust law that evaluates the restrictive practices of a business by considering the purpose of the practice and its effect on competition.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to outlaw monopolistic business practices.