How does the level of development in a country impact responses to resource scarcity?(1 point)

Question

Responses

Less economically developed countries have more money to secure needed resources through trade.
Less economically developed countries have more money to secure needed resources through trade.

Economically developed countries don’t experience scarcity because they have lower levels of resource consumption.
Economically developed countries don’t experience scarcity because they have lower levels of resource consumption.

Less economically developed countries have money to invest in technology to better utilize available resources.
Less economically developed countries have money to invest in technology to better utilize available resources.

Economically developed countries have more money to secure needed resources through trade.

Answer 1

The most accurate statement regarding how the level of development in a country impacts responses to resource scarcity is:

Economically developed countries have more money to secure needed resources through trade.

This reflects the reality that wealthier nations typically have greater financial resources and infrastructures that enable them to mitigate resource scarcity through imports and advanced technology. Less economically developed countries often face greater challenges in securing resources due to limited financial means and infrastructure, which can exacerbate the impact of resource scarcity.