Figure 2 below is generally taken as empirical evidence of the socalled "natural resource curse". Figure 2 " sum . Kw, m... , . ......,_u.., m... M.. . "a..." M...\"- g - g . _ - cm- \"ingot... " 3.. r- ' . 2 a _ ,. _ m _. g _ 9...... t . ,_ a...\" E u t ,. '- ..' .. film\" a nminim-.- . . um..." , 'WI'N" _ . , E W.\" - '. . wouw- 5 "W\" .2 _ _ " _ _ MIMImum _myu-u \"In... v . m... . 2 w... mm\"... s u ' RivA n .n :n m .c no w w w =w.w......m.m... ... m... urnnl'. Inn Fig. I. Gmwlh and natural resource abundance END[959. {a} Taking inspiration from Figure 2, what does the term r\"natural resource curse" stand for in the economic literature? [5 points] {b} Outline the various ways through which, according to the economic literature, it can materialise [13.3 points} {cl It is often claimed that good institutions may represent a solution to the natural resource curse and may transform natural resource abundance from being a curse into a blessing. which inst itutions, as discussed during lecturE, may impede the natural resou roe curse to take place? {10 points] {cl} Can institutions be effectively taken as exogenous factors that may favour a proper exploitation of natural rSources or are they endogenous to the process of economic development? [5 points}