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What term denotes a nation's basis for allocating its resources among its citizens?
Wiki User
∙ 11y ago
An economic system
Wiki User
∙ 11y ago
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Explain how scarcity requires indivisual and nations to mak decsions about resources?
Scarcity of resources requires nations and individuals to make informed decisions of how they will utilize the available resources.
How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
What has allowed developing nations today exploit their resources faster than the US did?
The country’s shared their resources
What is the importance of importing and exporting?
Nations import goods so they can get resources that they cannot obtain in their own country. Nations export goods to countries that cannot obtain those resources naturally.
Developed nations use how much of the world's resources?
20 percent of the population consume 75 percent of the worlds resources
What term denotes a nations basis for allocating its resources among its citizens?
An economic system
How does Barbados use their natural resources?
The island nation of Barbados has a few natural resources. The citizens of the nations use these to build their homes and survive along with welcoming tourists.
Explain how scarcity requires indivisual and nations to mak decsions about resources?
Scarcity of resources requires nations and individuals to make informed decisions of how they will utilize the available resources.
Of these nations does not have significant resources?
Lativa
Why are western Europe nations developed nations?
because they have many other resources
Which of these nations does not habe significant resources?
Burkina Faso is a nation that does not have significant natural resources. Its economy is largely based on agriculture, with limited mineral resources compared to other countries in the region.
What is America good at?
Picking on other nations and lying to citizens.
How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
Why did japan wanted to control others nations?
Resources
What African resources did imperialist nations want to take advantage of?
Cotton and other natural resources
What did Japan need to support its growing population and build an empire in the 1930's?
As with all growing nations it needed more space and greater resources
How are some nations working to protect the earth's resources?
creating laws to regulate the amount of pollution that is released into the air, planting trees at the same rate they are being cut down, teaching citizens about water consumption and waste
