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

Question

Responses

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.

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.

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

Answer 1

The correct response is:

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

This response reflects the reality that economically developed countries typically have greater financial resources, enabling them to access and secure needed resources through trade, even when faced with scarcity. Less economically developed countries often lack the capital and infrastructure to trade effectively, which can exacerbate their challenges in responding to resource scarcity.