Which statement is true of natural resources in terms of global trade or a country's economy?
A) The past decade has witnessed the discovery of an abundance of natural resources.
B) Petroleum is the only natural resource that affects international marketing.
C) Vast differences in natural resources result in minor shifts of wealth among countries.
D) Steep declines in the price of oil had a negative impact on America's oil producers.

Question

Quizplus · Accepted Answer

Steep declines in the price of oil can negatively impact oil producers by reducing their revenue and profitability, affecting the economy of countries reliant on oil exports.

Which Statement Is True of Natural Resources in Terms of Global