We know that resources are important for economic growth.Which of the following statements about resources is true?

Question

Quizplus · Accepted Answer

Resources can be natural, like mineral deposits or forests, or man-made, like machinery and factories. This statement is true. Option A is incorrect as not all resources are man-made. Option B is incorrect as many resources are scarce, such as rare earth metals. Option D is incorrect as countries have different endowments of resources. Option E is incorrect as some countries are highly efficient at exploiting their resources.

We Know That Resources Are Important for Economic Growth