Which of the following is an example of a one-commodity country? Vietnam is a relatively poor nation that relies on agriculture and a developing manufacturing base. Japan has few natural resources but is among the world's leaders in manufacturing and high-tech jobs. Based on per capita income, Qatar is the richest country in the world, with almost all of its money coming from oil sales. The United States is a wealthy country that has large amounts of natural resources, is the world's leader in agricultural output, and is one of the top nations for manufacturing.
Which of the following is an example of a one-commodity country? Vietnam is a relatively poor nation that relies on agriculture and a developing manufacturing base. Japan has few natural resources but is among the world's leaders in manufacturing and high-tech jobs. Based on per capita income, Qatar is the richest country in the world, with almost all of its money coming from oil sales. The United States is a wealthy country that has large amounts of natural resources, is the world's leader in agricultural output, and is one of the top nations for manufacturing.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of the following is an example of a one-commodity country?
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Vietnam is a relatively poor nation that relies on agriculture and a developing manufacturing base.
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Japan has few natural resources but is among the world's leaders in manufacturing and high-tech jobs.
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Based on per capita income, Qatar is the richest country in the world, with almost all of its money coming from oil sales.
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The United States is a wealthy country that has large amounts of natural resources, is the world's leader in agricultural output, and is one of the top nations for manufacturing.
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