Resource Abundance and the Resource Curse
Description: This quiz assesses your understanding of the concept of resource abundance and the resource curse, which is the paradox that countries with an abundance of natural resources often experience slower economic growth and development compared to countries with fewer resources. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: resource abundance resource curse economic growth development |
What is the term used to describe the paradox that countries with an abundance of natural resources often experience slower economic growth and development compared to countries with fewer resources?
Which of the following is NOT a potential cause of the resource curse?
What is the term used to describe the phenomenon where a sudden increase in resource revenues leads to an appreciation of the country's currency, making its exports more expensive and imports cheaper?
Which of the following is NOT a potential consequence of the resource curse?
What is the term used to describe the phenomenon where a country's dependence on resource exports leads to a decline in the competitiveness of its other industries?
Which of the following is NOT a potential solution to the resource curse?
What is the term used to describe the phenomenon where a country's resource wealth is used to finance government spending rather than investment in productive sectors of the economy?
Which of the following is NOT a potential benefit of resource abundance?
What is the term used to describe the phenomenon where a country's resource wealth is used to finance social welfare programs rather than investment in productive sectors of the economy?
Which of the following is NOT a potential consequence of Dutch disease?
What is the term used to describe the phenomenon where a country's resource wealth is used to finance military spending rather than investment in productive sectors of the economy?
Which of the following is NOT a potential solution to Dutch disease?
What is the term used to describe the phenomenon where a country's resource wealth is used to finance corruption and rent-seeking activities rather than investment in productive sectors of the economy?
Which of the following is NOT a potential benefit of resource abundance?
What is the term used to describe the phenomenon where a country's resource wealth is used to finance unsustainable development projects rather than investment in productive sectors of the economy?