Land is not distributed equally around the world. This means that every nation has a unique combination of natural resources such as timber, minerals, oil, and other raw materials which are extracted from the earth. Which of the following statements best describes the impact on nations with large reserves of these extractable natural resources?

Answer Options:

a. A nation which has large reserves of extractable natural resources would seem to be rich and well developed, however often the opposite is true, as the natural resource extraction creates little environmental damage and thus there is no opportunity for problem solving and ingenuity.

b. A nation which has large reserves of extractable natural resources will be rich and well developed. Look at Saudi Arabia for example; their economy is based on the extraction of oil and they are one of the richest nations on the planet.

c. A nation which has large reserves of extractable natural resources would seem to be rich and well developed, however often the opposite is true, as the natural resource extraction creates massive environmental damage which incapacitates local economies and creates a situation where other economic sectors can easily compete.

d. A nation which has large reserves of extractable natural resources would seem to be rich and well developed, however often the opposite is true, as the natural resource extraction creates massive environmental damage which incapacitates local economies and creates a situation where other economic sectors cannot compete.