Please select the letter that best answers the statement. Would you please provide a brief explanation?

Q1: Which of the following best states economists' understanding of the relationship between natural resources and economic growth? _______

A. A country with no or few domestic natural resources is destined to be poor.

B. Differences in natural resources have virtually no role in explaining the differences in standards of living.

C. Some countries can be rich mostly because of their natural resources, and countries without natural resources need not be poor but can never have very high living standards.

D. Abundant domestic natural resources may help make a country rich, but even countries with few natural resources can have high living standards.

Q2: Based on theory and empirical evidence, economists have concluded several things concerning growth. Which of the following is one of these conclusions? _________

A. A relatively simple way to increase growth rates permanently is to increase a country's saving and investment rate.

B. Growth is generally promoted by inward-looking policies like protective tariffs and other restrictions on trade.

C. Promoting political stability and protecting property rights through an honest, fair, and efficient judicial system is important to economic growth.

D. Foreign investment and loans will only keep developing countries poor.

Q3: Economists have argued the importance of technological progress in fostering economic growth. How can poor countries promote technological change in their economies?

A. Foreign investment is a way for poor countries to learn the state-of-the-art technologies developed and used in richer countries

B. Investments in the population's education will help foster the development and faster dissemination of new technologies.

C. Providing subsidies and grants to research and development and protecting intellectual property will encourage technological innovations.

D. Poor countries can do any or all of the above.