Which of the Following Best States Economists' Understanding of the Facts

question 119

Multiple Choice

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

• A)A country with no or few domestic natural resources is destined to be poor.
• 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:

Innately Better

The controversial belief that some individuals or groups possess inherent superior qualities or abilities compared to others.

African Origins

Refers to the beginning or origin of humans and cultures on the African continent.

Alternative Options

Other choices or courses of action available to someone in a given situation, aside from the main or initially considered path.

Mobility

The ability to move or be moved freely and easily, often discussed in terms of social mobility (changes in social status) and geographic or physical mobility.