Multiple Choice
How are democracy and wealth related?
A) Once people's basic needs have been met, there is an increased demand for democracy and political participation.
B) Democracy is associated with institutions (free press, private property rights, lower levels of corruption) that are favorable towards growth and wealth accumulation.
C) Neither of these explanations is correct.
D) Both of these explanations are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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