Which of the following is true of raw material exporting economies?
A) These economies are major exporters of agricultural products.
B) These economies are poor markets for large equipment and trucks.
C) These economies are major exporters of manufactured goods, services, and investment funds.
D) These economies are rich in one or more natural resources but poor in other ways.
E) These economies consume most of their output and barter the rest.

Question

Quizplus · Accepted Answer

Raw material exporting economies are rich in natural resources but often poor in other ways, such as having a lack of diversified industries or infrastructure. They rely heavily on the exportation of raw materials to generate income and may struggle to develop other sectors of their economy.

Which of the Following Is True of Raw Material Exporting