Which of the Following Statements About the Relationship Between Democratization,modernization

question 8

Multiple Choice

Which of the following statements about the relationship between democratization,modernization theory,and political elites is accurate?

• A) A core assertion of modernization theory is that a country with political elites will allow democratic institutions to flourish if the country develops enough natural resources to become wealthy.
• B) According to modernization theory, economic development is important to democratization, but a focus on elites shows that the type of wealth or resources has a big impact on the success of democratization.
• C) Concentration of economic assets in the hands of a few elites in power ultimately advances democracy because those elites feel secure in their positions and thus allow democratization to flourish.
• D) Decline of natural resources or economic stagnation typically forces an entrenchment of elites and a reduction of the chances for democratization.

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Definitions:

Acquisition

The purchase of one company by another, usually by buying its stock.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.

Unlimited Liability

A legal obligation where business owners are personally responsible for all of the debts of the business.