Problem
Consider two countries, A and B, and suppose that both have identical physical endowments of, say, iron ore. But in country A, any profits that are made from mining the ore are subject toconfiscation by the government, while in country B, there is no such risk. How does the risk of expropriation affect the economic endowments of the two nations? In which nation are people richer?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.