What is the main argument presented in the text regarding democracy and inequality in Latin America?
a. Latin America has made significant progress in reducing socio-economic inequalities, but still faces challenges in consolidating democratic institutions.
b. Democracy in Latin America has been successful in distributing political power, but has failed to address socio-economic inequalities.
c. The coexistence of democracy and high levels of inequality in Latin America suggests that democracy is not an effective tool for reducing inequalities.
I. The text presents evidence of the progress made by Latin America in building democratic institutions and expanding political rights.
II. The text argues that the persistence of high levels of inequality in the region is indicative of limitations in the functioning of democracy.
III. The text suggests that some of the barriers to reducing socio-economic inequalities in Latin America are amenable to institutional reforms within the democratic framework.
a) I and II are correct.
b) II and III are correct.
c) I and III are correct.
d) All afirmacoes are correct.
e) None of the afirmacoes are correct.