Modernization Theory Predicts That the Likelihood of a Transition to Democracy

question 41

True/False

Modernization theory predicts that the likelihood of a transition to democracy decreases with income, whereas the survival story predicts that transitions to dictatorship become more likely with income.

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Definitions:

Perpetual Inventory System

An inventory accounting system where adjustments to inventory levels are continuously recorded on a transaction by transaction basis.

Acquisition of Merchandise

The process of obtaining goods for sale, typically involving selection, ordering, and purchasing from suppliers.

Inventory Account

An inventory account is an account on the balance sheet that represents the value of unsold goods held by a company.

Perpetual Inventory System

A method of inventory management where updates to inventory records are made in real-time following every transaction.