Russia and China Are Both Rich in Natural Resources and Human

question 29

Multiple Choice

Russia and China are both rich in natural resources and human resources, and both countries have a solid level of capital. Yet, neither country is wealthy. The missing ingredient seems to be _____.

• A) synthetic resources
• B) taxable income
• C) workforce
• D) entrepreneurship

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Definitions:

Joseph Stiglitz

An American economist and a professor at Columbia University, renowned for his work on income distribution, asset risk management, and globalization.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, leading to increased connectivity and interdependence.

Nobel Prize-winning Economist

An economist who has been awarded the Nobel Prize in Economic Sciences, an honor recognizing outstanding contributions to the field of economics.

Micro-multinational Corporation

A small-sized company that operates and sells its products or services in multiple countries.