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

Question

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.
• 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.

Answer 1

The correct statement is: Economically developed countries have more money to secure needed resources through trade.

Economically developed countries typically have greater financial resources and access to advanced technology, allowing them to invest in trade relationships that help mitigate resource scarcity. Conversely, less economically developed countries often lack the financial means to secure necessary resources through trade or invest in technology to improve resource utilization.