Khalid’s country is small and lacks abundant natural resources. Which of the following is most likely true about economic growth in Khalid’s country?
a. Khalid’s country should have economic growth at approximately the same rate as a country with abundant natural resources.
b. Meaningful and sustained economic growth is highly unlikely for Khalid’s country.
c. The lack of natural resources poses an obstacle to initial development, but the country’s economy can still grow.
d. Khalid’s country will remain poor even if its neighbors enjoy economic growth and prosperity.
c. The lack of natural resources poses an obstacle to initial development, but the country’s economy can still grow.
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