Problem Set 6

May 12th, 2015
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ECON 214PROBLEM SET 61. What impact do natural resources have on economic growth? Will it be possible for acountry with few natural resources to grow rapidly? Why or why not.Natural resources can have a very large impact on the economic growth of acountry. These resources can be things such as oil, coal, or a variety of metals. Theseeconomies find it easier to use their natural resources to grow however, a country withoutnatural resources can still grow rapidly due to things such as their international relationswith other countries.2. Suppose you have just been appointed to a high le

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