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

Question

Responses

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

Answer 1

The correct response to 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.

Economically developed countries typically have greater financial resources, allowing them to access and import necessary resources, manage and mitigate scarcity more effectively, and invest in technologies that enhance resource efficiency. In contrast, less developed countries often face greater challenges in securing resources due to limited financial means and may struggle with resource management.