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:

Black Ghettos

Urban areas with a high concentration of African American residents, often characterized by poverty, limited economic opportunities, and social challenges.

Vietnamese

Relating to Vietnam or its people, culture, or language.

Koreans

Refers to individuals originating from Korea, a country in East Asia, or those of Korean descent.

Suburbs

Outlying residential districts of a city, often characterized by lower population density than the urban core and a greater proportion of single-family homes.