Author Question: Kornai argued that transition from socialism to capitalism requires the creation of democracy a. ... (Read 50 times)

jparksx · **on:** Jun 30, 2018

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

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.