Which of the Following Is Not Reason Why Resource-Based Economies

question 26

Multiple Choice

Which of the following is not reason why resource-based economies often experience slow economic growth

• A) An over-valued exchange rate
• B) Macroeconomic volatility due to volatile commodity prices
• C) Higher propensity for civil conflict
• D) Weak institutions and their impact on growth
• E) Resource extraction is not very profitable

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Definitions:

E. B. Titchener

A psychologist who is best known for developing structuralism, an early school of psychology that aimed to analyze the adult mind in terms of the simplest definable components.

Wilhelm Wundt

A German physiologist and psychologist who is considered the father of experimental psychology; founded the first psychology laboratory.

Biological Perspective

An approach in psychology that examines psychological phenomena in terms of their biological underpinnings and evolutionary history.

Forbidden Desires

Wishes or impulses that are often repressed because they are socially unacceptable or deemed inappropriate.