How does the level of development in a country impact responses to resource scarcity?(1 point)
Responses
Economically developed countries have more money to secure needed resources through trade.
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 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 don’t experience scarcity because they have lower levels of resource consumption.
Actually, the correct statement is:
Economically developed countries have more money to secure needed resources through trade.
Economically developed countries typically have higher levels of income and a stronger economy, which allows them to invest in trade to secure the resources they need. They can import resources from other countries and pay for them, thereby mitigating the impact of resource scarcity. Additionally, they may have a more diverse economy and can rely on alternative resources or technologies to reduce their dependency on scarce resources.