Which statement reflects a negative argument that is associated with relying on natural resources for development, which can limit a country's growth potential?
A) When a nation is a major supplier of a natural resource product (such as oil) , then it can influence the world price of the product and gain higher profits.
B) Reliance on one natural resource that is extracted from the ground (such as oil) means that there is a risk that the supply of the resource can be used up, leaving the country without the skills required to produce alternative goods.
C) Natural resources are renewable, and so the supply tends to be unlimited, allowing for steady economic growth but only if other resources grow proportionately.
D) The ability to invest in natural resources and use advanced technology will lead to ever-increasing productivity.
Correct Answer:
Verified
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