Nations get significant advantages if they have a single,valuable,natural resource,with little downside risk.

Question

Quizplus · Accepted Answer

While having a single valuable natural resource may provide some advantages, such as a source of revenue and potential for export, relying too heavily on one resource can have significant downsides. For example, if the price of the resource drops or if the resource becomes depleted, the country could face economic and social challenges. Additionally, relying on one resource can limit the development of other industries and sectors, leading to a lack of diversification in the economy.

Nations Get Significant Advantages If They Have a Single,valuable,natural Resource,with