Kornai argued that transition from socialism to capitalism requires the creation of democracy

Kornai argued that transition from socialism to capitalism requires the creation of democracy
 a. True
  b. False

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Question 2 - A company's credit risk can be high even if it is solvent and well-capitalized, if there is:
 a. Actually, it is impossible for a solvent, well-capitalized company to have a high credit risk.
  b. Insufficient cash earnings and/or insufficient access to the credit markets.
  c. High expected inflation.
  d. Political and central bank instability in the nation(s) where it operates.
  e. A high real, risk-free interest rate.