According to economists, a high concentration of easily extractable natural resources
A) explains why rich countries are rich.
B) spurs economic growth more often than not.
C) inhibits economic growth more often than not.
D) Both a and b

Question

Quizplus · Accepted Answer

The presence of easily extractable natural resources can lead to a "resource curse" where these resources become a primary focus of the economy, leading to neglect of other sectors and creating a volatile dependence on commodity prices. This can inhibit economic growth in the long run. However, it is not a guarantee and some countries with resource abundance have managed to sustain economic growth.

According to Economists, a High Concentration of Easily Extractable Natural