To determine whether a nation has an "abundance" of a resource, economists look at:
A) the exports of the nation.
B) the imports of the nation.
C) the total quantity of that resource compared with the total quantity of the other resource.
D) a nation's share of the resource compared with its share of world GDP.

Question

Quizplus · Accepted Answer

Economists consider a nation's share of a resource relative to its share of world GDP to determine if it has an "abundance" of that resource, as it indicates the resource's significance to the nation's economy compared to the global economy.

To Determine Whether a Nation Has an "Abundance" of a Resource