Which of the following is true of raw material exporting economies?
A)In raw material exporting economies, the vast majority of people engage in simple agriculture.
B)Raw material exporting economies typically create a new rich class.
C)Raw material exporting economies are major exporters of manufactured goods, services, and investment funds.
D)Raw material exporting economies are rich in one or more resources but poor in other ways.
E)Raw material exporting economies consume most of their output and barter the rest.

Question

Quizplus · Accepted Answer

Raw material exporting economies are often dependent on one or more primary resources like oil, minerals, or agricultural products. These countries may be rich in resources, but poor in other areas such as technology, infrastructure or education.

Which of the Following Is True of Raw Material Exporting