Economic Theory and History Indicate That Open Elections and Democratically

question 73

Multiple Choice

Economic theory and history indicate that open elections and democratically elected governments

• A) are unique in their ability to produce good economic institutions.
• B) must be accompanied by economic institutions that will allocate resources efficiently, or otherwise democratic institutions will not survive.
• C) reflect only transactions that are based on mutual agreement and voluntary exchange.
• D) are unable to guarantee either the emergence or continuation of economic institutions and policies that will encourage productive behavior.

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Definitions:

Emotional Labor

The management of feeling to create a publicly observable facial and bodily display. Emotional labor functions in the service of organizations to increase profitability.

Motivate

To provide with a reason or incentive to do something; to inspire action or behavior.

Cheerful

Cheerful describes a mood or disposition characterized by positivity, happiness, and a generally optimistic outlook.

Three-Dimensional Model (Lukes)

A framework proposed by Steven Lukes that examines power in three dimensions: decision-making, agenda-setting, and manipulative control of perceptions.