How is it possible that Switzerland, a landlocked country with almost no natural resources, is one...

How is it possible that Switzerland, a landlocked country with almost no natural resources, is one of the richest countries in the world while the Democratic Republic of the Congo, a huge country with vast deposits of many strategically important minerals, is one of the poorest? The case of Switzerland vs. the DR Congo highlights that:

A. it is important to extract as much of the natural resources as possible.

B. once you become rich, it is easier to get even richer.

C. natural resources are more important than the other components of productivity growth.

D. natural resources do not make up for all of the advantages that the other components of productivity growth bring.

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Expert Solution

Rahul Sunny answered 1 year ago

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