CTET & State TET Exam  >  CTET & State TET Questions  >  Which statement best describes the concept of... Start Learning for Free
Which statement best describes the concept of "the Natural Resource Curse"?
  • a)
    Countries with abundant resources always become wealthy.
  • b)
    Resource-rich countries do not face any economic challenges.
  • c)
    Nations without resources are more prosperous.
  • d)
    Rich resource countries often grow slowly due to reliance on raw material exports.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which statement best describes the concept of "the Natural Resource Cu...
The Natural Resource Curse, or Paradox of Plenty, refers to the phenomenon where countries rich in natural resources, like oil or minerals, often experience slower economic growth because they rely heavily on exporting raw materials instead of developing industries that add value. This can lead to economic instability and hinder long-term development.
Explore Courses for CTET & State TET exam
Question Description
Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? for CTET & State TET 2025 is part of CTET & State TET preparation. The Question and answers have been prepared according to the CTET & State TET exam syllabus. Information about Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CTET & State TET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CTET & State TET. Download more important topics, notes, lectures and mock test series for CTET & State TET Exam by signing up for free.
Here you can find the meaning of Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which statement best describes the concept of "the Natural Resource Curse"?a) Countries with abundant resources always become wealthy.b) Resource-rich countries do not face any economic challenges.c) Nations without resources are more prosperous.d) Rich resource countries often grow slowly due to reliance on raw material exports.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CTET & State TET tests.
Explore Courses for CTET & State TET exam

Top Courses for CTET & State TET

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev