A) Which of the following is an example of the connection between economic scarcity and
economic development? (1 point)
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
A) Which of the following is an example of the connection between economic scarcity and
economic development? (1 point)
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
A) A country with limited farmland imports most of its food.
A) Which of the following terms generally identifies a place where an economic transaction
occurs? (1 point)
transport network
manufacturing operation
market
retail store
A) market
5 of 55 of 5 Items
Question
Which of the following is true of manufacturing using mass production?(1 point)
Responses

It focuses on the rapid production of standardized goods.
It focuses on the rapid production of standardized goods.

It focuses on the specialized production of custom goods.
It focuses on the specialized production of custom goods.

Minimizing labor costs always determines the location of mass production facilities.
Minimizing labor costs always determines the location of mass production facilities.

Mass production facilities are always located near sources of the resources needed for production.
Mass production facilities are always located near sources of the resources needed for production.
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The correct answer is: It focuses on the rapid production of standardized goods.
To answer this question, we need to understand the connection between economic scarcity and economic development.
Economic scarcity refers to the limited availability of resources compared to the unlimited wants and needs of individuals or societies. It is a fundamental concept in economics, as scarcity forces individuals and societies to make choices about how to allocate resources efficiently.
Economic development, on the other hand, refers to the process by which a country or region improves its economic performance and living standards over time. It often involves increasing productivity, improving infrastructure, promoting innovation, and reducing poverty.
Now, let's consider the given options:
A) A country with limited farmland imports most of its food.
This is an example of how economic scarcity can impact economic development. Limited farmland means that the country cannot produce sufficient food to meet its population's needs. As a result, the country must rely on imports to fulfill its food requirements. This can hinder economic development since it requires spending money on importing food instead of investing those resources in other developmental activities.
B) A country with few forests suffers from a shortage of building materials.
Similar to the first example, a shortage of building materials due to limited forests shows the impact of economic scarcity on economic development. Without ample access to building materials like wood, the country will face difficulties in constructing and developing infrastructure. This can hamper economic growth and progress.
C) A country with ample water resources suffers from a shortage of safe drinking water.
This option highlights a different aspect of scarcity, namely the availability of safe drinking water. Despite having abundant water resources, the country still faces a shortage of safe drinking water. Economic development can be hindered in such cases as people's health and well-being may be compromised, leading to reduced productivity and increased healthcare costs.
D) A country with rich coal deposits invests in mining technology.
This option does not illustrate the direct connection between economic scarcity and economic development. While the country's rich coal deposits may provide a valuable resource, the investment in mining technology suggests a focus on resource extraction and exploitation rather than the impact of scarcity. It may contribute to economic development, but it does not specifically address the link between scarcity and development.
In conclusion, the examples that most clearly demonstrate the connection between economic scarcity and economic development are options A and B. These scenarios highlight how limited farmland and few forests can impact a country's ability to meet its needs and develop its economy.