Which statement best describes \"Resource Curse,\" also known as the \"Paradox o
ID: 285371 • Letter: W
Question
Which statement best describes "Resource Curse," also known as the "Paradox of Plenty"?
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A
Regions that have abundant nonrenewable resources are economically poor
B
Countries that produce conflict minerals
C
Regions of the world that do not have an abundance of natural resources and must rely on other countries resources
D
Countries that have abundant resources who cannot access them
Explanation / Answer
The statement best describes "Resource Curse," also known as the "Paradox of Plenty" is that Countries that have abundant resources who cannot access them.
The resource curse, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources (like fossil fuels and certain minerals), tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.
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