Question

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

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.

Less economically developed countries have more money to secure needed resources through trade.

Economically developed countries have more money to secure needed resources through trade.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Economically developed countries have more resources and infrastructure to address resource scarcity. They have the financial means to invest in technologies and innovations that can help them efficiently utilize available resources. Additionally, these countries can afford to import resources from other countries through trade, ensuring a continuous supply. This is in contrast to less economically developed countries, which may face more challenges in addressing resource scarcity due to limited financial resources and infrastructure.