Economic Theory and History Indicate That Open Elections and Democratically

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.