What is one advantage a country with a diverse economy has over countries with a single resource economy? The ability to produce a variety of goods and services.

The ability to make a single product more efficiently.

The ability to control the stock market for specific product.

The ability to provide a very specialized service.

Answers

Answer 1

Answer:

The ability to produce a variety of goods and services: is one advantage a country with a diverse economy has over countries with a single resource economy. Thus, option A is the correct option.

What is a single resource economy?

Without the need for money, credits, barter, or any other kind of debt or slavery, all commodities and services are made available under this system. All resources become the collective property of all residents, not just a small group. This system is founded on the idea that there are plenty of resources on Earth, making it unnecessary and counterproductive for us to undertake resource rationing through the use of money.

Contemporary civilization can provide food, clothes, shelter, and medical care; update our educational system; and provide an endless supply of renewable, non-polluting energy thanks to access to highly advanced technology. Everyone may have a very high level of living by providing an economy that is well designed, with all aspects of a highly technological society.

Learn more about single resource economy here:

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Answer 2

Answer: The ability to produce a variety of goods and services.: this ability ensures an economic source even if one part of the market collapses or becomes outdated.

Diversified economies are more likely to be self-sufficient as well as longer lasting. The economy can help to support within itself and continue to build. When a sector leaves, the country will become dependent on an outside source for that sector.

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Answers

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Answers

Answer:

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Explanation:

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Answers

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Answers

Answer:

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Explanation:

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Answers

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Answers

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