According to the institutionalist theory of development, which of the following statements are true (select all that apply):

Group of answer choices

1-Good institutions protect property rights

2- Institutionalist explanations for development are more convincing than geographic explanations because of an historical reversal of fortune where some of the richest civilizations in the 1500s are now among the poorer societies today, while territories that were less developed then are now much more prosperous

3-The concept of "path dependence" can explain why bad institutions persist for long periods of time

4-Institutions have favorable effects on economic performance when they allow decision makers to make laws and policies quickly and without delay

5- Good institutions have popular support