The following expression is associated with the danger Canada faces in remaining heavily dependent on the exploitation of its natural resources.
A) monoindustrialism
B) the staples trap
C) resource dependency
D) semiperipheralization
E) the tragedy of the commons

Question

Quizplus · Accepted Answer

The staples trap refers to a situation in which a country becomes overly dependent on the export of primary commodities or resources, which leaves its economy vulnerable to fluctuations in global commodity markets. This is particularly relevant to Canada, which has historically relied heavily on the export of natural resources like oil, gas, and lumber. The dangers of the staples trap include economic volatility, environmental degradation, and social inequality.

The Following Expression Is Associated with the Danger Canada Faces