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In the context of global trade and economic development, which scenario best illustrates the concept of Dutch Disease? a ) A country discovers significant oil
In the context of global trade and economic development, which scenario best illustrates the concept of \"Dutch Disease\"?
a A country discovers significant oil reserves, leading to a booming oil export sector, but this inadvertently causes a decline in its manufacturing and agricultural sectors due to currency appreciation and resource reallocation.
b A nation experiences rapid technological advancement in its telecommunications sector, overshadowing and diminishing its traditional manufacturing industries.
c Following a major economic reform, a country sees a massive influx of foreign direct investment in various sectors boosting overall economic growth.
d A government imposes high tariffs on imported goods to protect its nascent technology sector, leading to retaliation from trading partners.
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