A(n)________ economy is poor in some ways but rich in one or more natural resources responsible for creating most of its exporting revenue.
A) industrial
B) industrializing
C) raw-material exporting
D) subsistence
E) agrarian

Question

Quizplus · Accepted Answer

A raw-material exporting economy relies heavily on the export of one or more natural resources (such as oil, minerals, or agricultural products) and often lacks diversity in its economic activity. While it may generate significant revenue from these resources, the lack of diversity can make it vulnerable to fluctuations in global commodity prices and can hinder long-term economic development.

A(n)________ Economy Is Poor in Some Ways but Rich in One