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.