Which of the following best explains the "resource curse"?
A)Natural resources encourage civil conflict,which hinders economic development.
B)Countries with natural resources have few reasons to encourage productive activities outside those associated with the resource.
C)Countries with natural resource are more likely to adopt democratic institutions.
D)Natural resources provide revenue for the government to provide important social services.

Question

Quizplus · Accepted Answer

The "resource curse" is the phenomenon where countries with abundant natural resources tend to have lower economic growth and development. This is because these countries often become overly reliant on the resource sector, leading to neglect of other potentially productive industries.

Which of the Following Best Explains the "Resource Curse