Which one of the three factor of production you think matter

Assignment Help Business Management

Reference no: EM131832686

Economists often refer to the "natural resource curse," by which they mean that large amounts of natural resources tend to create bad politics because as long as the oil keeps flowing or the diamonds remain plentiful, political leaders don't need to care much about what goes on in the rest of the country.

a. Which one of the three factors of production do you think matters most to a leader of a resource-rich country? Why? (Note: Does this help explain what you see happening in many resource-rich countries?)

b. Which one of the five key institutions do you think matters most to a leader of a resource-rich republic? Why? (Note: Does this help explain what you see happening in many resource-rich countries?)

Reference no: EM131832686

Questions Cloud

How many years will it take for india to reach italys gdp : Using the rule of 70, how many years will it take for India to reach Italy's current level of GDP per capita, about $28,000 per year?

Make the stockholders equity section of the balance sheet : Instructions: Prepare the stockholders' equity section of the balance sheet at December 31, 2017.

Sustainable growth rate analysis : Use a sustainable growth rate analysis in the following table to determine the source Sales $20,000 NI $1,000 Total Assets $10,000 Equity

What is the yield on a treasury note : The real risk-free rate is 3%. Inflation is expected to be 3.45% this year, 4.75% next year, What is the yield on a 7-year Treasury note

Which one of the three factor of production you think matter : Which one of the three factors of production do you think matters most to a leader of a resource-rich country? Why?

Write a program that asks for a password : Write a program that asks for a password, then asks again to confirm it. If the passwords don't match or the rules are not fulfilled, prompt again.

Determine the price of the bonds at january : Determine the price of the bonds at January 1, 2018, and prepare the journal entry to record their issuance by Instaform

How many of these ten countries have a gdp per person : How many of these 10 countries have a GDP per person that is at least half of the U.S. level? How many are less than 10% of the U.S. level?

What is the maturity risk premium for the security : A 2-year Treasury security yields 8.5%. What is the maturity risk premium for the 2-year security

User Account

All Pages