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.

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.
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 statement that best captures 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 and more robust economies, enabling them to effectively engage in trade to secure necessary resources, even in situations of scarcity. In contrast, less developed countries may struggle with both financial resources and access to technology, which can limit their ability to respond effectively to resource scarcity.