Rich in Resources: Checkpoint 1

Quick checkpoint - five questions on the resource curse, Norway's fund, Australia's boom, Dutch disease and superannuation.

Quick checkpoint - five questions on the resource curse, Norway’s fund, Australia’s boom, Dutch disease and superannuation.

Question 1 of 5 What mainly separates countries that benefit from resources from those that suffer a resource curse?

The type of resource Strong institutions and good management of revenue Their climate Their language

Institutions determine whether resource wealth is shared or captured.

Question 2 of 5 How much can Norway's government spend from its oil fund each year?

All of it About the expected real return, around 3 percent Nothing 50 percent

The fiscal rule protects the fund for future generations.

Question 3 of 5 What drove Australia's 2000s mining boom?

European demand China's industrial growth Falling commodity prices Tourism

Chinese demand for iron ore and coal pushed prices to record highs.

Question 4 of 5 What is Dutch disease?

A plant disease A resource boom strengthening the currency and hurting other exports A banking crisis A type of inflation target

Named after the Netherlands' gas boom, it can shrink manufacturing.

Question 5 of 5 What did Australia's Superannuation Guarantee require?

Workers to buy gold Employers to contribute to workers' retirement accounts Free housing No retirement savings

The contribution rate rose to 12 percent from July 2025.

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