Effects on economic factors Flashcards

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1
Q

Are countries with more natural resources economically stable? Why?

A

Yes, these countries have necessary human survival objects that other countries want and need. So they trade!

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2
Q

Name 10 Countries that have lots of natural resources to benefit from:

A
  1. Canada
  2. America
  3. Russia
  4. Saudia Arabia
  5. China
  6. Brazil
  7. Iran
  8. Iraq
  9. Venezuela
  10. Australia
    ~ BONUS ~ 11. India
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3
Q

What do countries with insufficient amount of natural resources do for money?

A

They manufacture or put together items and then sell them.

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4
Q

True or False: Most countries that have natural resources are well-developed.

A

True! That’s why countries rich in natural resources like Canada have good economies. The resources bring in revenue.

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