Which of the following is an example of the connection between economic scarcity and economic development? (1 point)

Question

• A country with limited farmland imports most of its food.
• A country with few forests suffers from a shortage of building materials.
• A country with ample water resources suffers from a shortage of safe drinking water.
• A country with rich coal deposits invests in mining technology.

Answer 1

The correct example of the connection between economic scarcity and economic development is:

• A country with few forests suffers from a shortage of building materials.

This example illustrates how the scarcity of a natural resource (forests) can hinder economic development by limiting the availability of essential materials (building materials) needed for construction and infrastructure development.