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 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.

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.

Answer 1

The correct response is:

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

Economically developed countries typically have greater financial resources, which allows them to establish trade relationships and invest in technology to secure and manage resources more effectively in times of scarcity. On the other hand, less economically developed countries often face challenges in their ability to trade and invest in necessary technology, making it more difficult for them to respond effectively to resource scarcity.