Which Statement Best Explains Economists' Understanding of the Facts Concerning

question 155

Multiple Choice

Which statement best explains economists' understanding of the facts concerning the relationship between natural resources and economic growth?

• A) A country with few or no domestic natural resources is destined to remain undeveloped.
• B) Differences in natural resources have virtually no role in explaining differences in standards of living.
• C) Some countries can be rich mostly because of their natural resources, and countries without natural resources need not be poor, but can never have very high standards of living.
• D) Abundant domestic natural resources may help make a country rich, but even countries with few natural resources can have high standards of living.

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Definitions:

Rural Areas

Regions characterized by low population density, agricultural or natural landscapes, and often a lack of large-scale infrastructure.

Noise Pollution

Unwanted or harmful outdoor sound that is produced by industrial or human activities, affecting the health and well-being of humans and wildlife.

Urban Dwellers

Individuals who live in densely populated areas known as cities or towns, often experiencing a lifestyle that contrasts with rural living.

Zoning

The process of dividing land in a municipality into zones in which certain land uses are permitted or prohibited.