The so-called natural resource curse is attributed to:
A) the transnational firms who dominate trade have the power to suppress prices of natural resources.
B) the low elasticity of demand for natural resources.
C) the concentration of ownership of resources that keeps export earnings in the hands of local elite business and resource groups that use their earnings to control political institutions that restrict economic and social change.
D) All of the above.
E) None of the above; there is no such thing as a resource curse.
Correct Answer:
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