What Is the "Resource Curse

question 37

Multiple Choice

What is the "resource curse"?

• A)Having very few natural resources in a country,which hinders development.
• B)Not having oil reserves or sufficient coal deposits for industrialization.
• C)Not investing sufficiently in education,so that economic growth is hurt by lack of skills in future adults.
• D)Having lucrative natural resources,which can hurt a country's economic development.
• E)Colonies being stripped of their valuable natural resources by colonial powers.

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Definitions:

League of Nations

An international organization founded after World War I to promote peace and cooperation among countries, which was later replaced by the United Nations.

Entanglements

Complex situations or circumstances where elements are twisted or interwoven in a confusing or complicated manner.

Leon Blum

A French socialist leader and three times Prime Minister of France, noted for frontline social and economic reforms.

New Economic Policy

A policy introduced by Vladimir Lenin in Soviet Russia in 1921 to reintegrate limited capitalist practices within the socialist economy to rebuild post-civil war economy.