Question

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

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

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 more money to secure needed resources through trade.

Answer 1

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

They can buy imports, invest in technology, and use financial and political leverage to obtain scarce resources.