Multiple Choice
The resource curse is when:
A) a nation only has an inherent comparative advantage for one resource.
B) a nation only has a transferrable comparative advantage for one resource.
C) the discovery of a resource in a nation causes its currency to appreciate and thus causes the nation to lose comparative advantages in other sectors.
D) a nation has neither an inherent nor a transferrable comparative advantage for any resource.
Correct Answer:
Verified
Correct Answer:
Verified
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