Liberia,a Very Poor Nation in West Africa,is Relatively Abundant in Resources

Multiple Choice

Liberia,a very poor nation in West Africa,is relatively abundant in resources such as mahogany and rubber tree forests,iron-ore deposits,and diamonds.If Liberia is so rich in valuable resources,why is it still so impoverished?

A) Liberians are content with a low standard of living.
B) Natural resources are not as important as other types of resources.
C) Taxes in Liberia are too high and discourage investment.
D) The population of Liberia is too small to use those resources.
E) Liberia lacks the institutions necessary to make productive use of those resources.