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 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 economies that have an abundance of natural resources such as minerals, oil, and gas, but may be lacking in other economic factors such as advanced technology, infrastructure, and skilled labor force. These economies rely heavily on the export of their raw materials and are therefore vulnerable to fluctuations in commodity prices. They may also struggle to diversify their economies and develop other sectors such as manufacturing or services.

Which of the Following Is True of Raw Material Exporting