A resource-rich country suffering from an economic resource curse is one in which ______.
A) the country suffers from lack of growth due to overexploitation of natural resources
B) the economy is so focused on the resource industry that other sectors are neglected
C) there is no incentive for the government to provide economic support or respond to its citizens
D) inclusive institutions gradually transition into extractive institutions

Question

Quizplus · Accepted Answer

The economic resource curse often leads to an over-reliance on the resource industry, causing neglect of other sectors, which can hinder overall economic growth and diversification.

A Resource-Rich Country Suffering from an Economic Resource Curse Is