Suppose the country has many natural resources, but almost no manufacturing. Which training plan with this country be most likely to follow? A trade with countries that produce manufactured goods B. would trade relations in order to preserve it’s natural resources C. trade with other countries to have a great wealth of natural resources D. not develop trade relations because it does not develop manufactured goods
I'll gladly check your answer.
I think a
Yes, a.
To determine the most likely training plan for a country with abundant natural resources but little manufacturing, we need to consider the country's options and objectives.
A. Trade with countries that produce manufactured goods:
This option would likely be the most viable choice for the country as it can take advantage of its natural resources by exporting them to other countries while importing manufactured goods in return. By engaging in trade with countries that have strong manufacturing capabilities, the country can benefit economically through revenue from resource exports and gain access to finished products that it lacks domestically.
B. Trade relations in order to preserve its natural resources:
This option doesn't directly address the country's lack of manufacturing. While preserving natural resources is important, it may not be a comprehensive solution to the country's economic challenges. It's crucial for the country to explore trade opportunities that can help it develop its manufacturing sector while utilizing its natural resources.
C. Trade with other countries to have a great wealth of natural resources:
This option suggests that the country should trade with other countries having an abundance of natural resources. However, considering that the country already possesses ample natural resources, this plan may not yield significant benefits. The focus should be on trading with countries that possess manufacturing capabilities to provide the required finished goods.
D. Not develop trade relations because it does not develop manufactured goods:
This option would not be a practical choice, as isolating the country from trade relations would hinder its economic growth and potential development. By engaging in international trade, the country can tap into global markets, access technology, acquire capital, and enhance its manufacturing sector.
Therefore, the most likely training plan for this country would be A. Trade with countries that produce manufactured goods. This approach would allow the country to leverage its natural resources while importing manufactured goods to meet domestic needs and foster industrial development.