A(n) ________ economy is rich in one or more natural resources but poor in other ways and much of its revenue comes from exporting its natural resources.
A) industrial
B) industrializing
C) raw material exporting
D) subsistence
E) agrarian

Question

Quizplus · Accepted Answer

A raw material exporting economy is one that is abundant in natural resources and generates much of its revenue from exporting those resources. However, it may be poor in other ways such as infrastructure, education, and technology. This type of economy is typically found in developing nations where there is a heavy reliance on primary industries such as mining, agriculture, and forestry.

A(n) ________ Economy Is Rich in One or More Natural