One Reason for the Good Record of Democracies on Economic

question 143

Multiple Choice

One reason for the good record of democracies on economic growth is that:

• A) people can become rich by gaining economic resources in their favor.
• B) people can become rich by competing for the limited economic resources.
• C) the public as a whole can become rich by equally dividing the economic resources.
• D) the public as a whole can become rich by supporting efficient policies that generate economic growth.

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Definitions:

Exchange Loss

A financial loss that occurs when the value of a currency decreases relative to another currency in transactions involving foreign exchange.

Year End

The end of the financial year for a company, marking the close of the reporting period.

Settlement Date

The date on which a trade is finalized, and the buyer must make payment and the seller must deliver the asset.

Exchange Rates

The rate at which one currency can be exchanged for another currency, impacting international trade and investment.