WAEC Economics 2021 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
50. Abundant natural resources do not contribute to economic growth in developing countries because of
- A. rate of inflation.
- B. urban congestion.
- C. over-reliance on multiple commodities.
- D. mismanagement and corruption.Correct
Explanation
Even where a country has abundant natural wealth, mismanagement and corruption prevent that wealth from translating into real economic development — a pattern common in many developing/third-world countries.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.