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:

Consumers

Individuals or groups who use goods and services generated within the economy.

First Digit

The initial number in a sequence of digits, often discussed in the context of Benford's Law which predicts the distribution of first digits in many real-life sets of numerical data.

Clerical Work

Tasks related to general office management, such as filing, typing, and handling correspondence, typically requiring attention to detail.

Specialized Work

Work focused on a particular industry, sector, or area of expertise, requiring specific skills or knowledge.