Question

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

Responses

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

Economically developed countries don’t experience scarcity because they have lower levels of resource consumption.
Economically developed countries don’t experience scarcity because they have lower levels of resource consumption.

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

Answer 1

[AI-generated answer — Bot GPT 3.5]

The level of development in a country impacts responses to resource scarcity by influencing the availability of financial resources. Economically developed countries have higher levels of income and investment capabilities, allowing them to invest in technology and better utilize available resources. They also have more money to secure needed resources through trade, as they can afford to pay higher prices for these resources. On the other hand, less economically developed countries may struggle to invest in technology and may have limited financial resources to secure needed resources through trade. Therefore, the level of development plays a significant role in how countries respond to resource scarcity.